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Amazon Boosts Wages, Pledges to Hire 125,000 Amid Labor Shortage

(Bloomberg) -- Amazon.com Inc (NASDAQ:AMZN). boosted pay as it looks to hire 125,000 warehouse and shipping workers amid a tight U.S. labor market. The e-commerce giant said...
Amazon Boosts Wages, Pledges to Hire 125,000 Amid Labor Shortage © Reuters. Amazon Boosts Wages, Pledges to Hire 125,000 Amid Labor Shortage

(Bloomberg) -- Amazon.com Inc (NASDAQ:AMZN). boosted pay as it looks to hire 125,000 warehouse and shipping workers amid a tight U.S. labor market.

The e-commerce giant said starting wages for open jobs in logistics average $18 an hour, or 20% more than the $15-an-hour base pay the company set back in 2018, with signing bonuses of as much as $3,000 in some locations. Earlier this month, Amazon pledged to hire 40,000 people to fill corporate and tech roles.

A nationwide labor shortage has U.S. companies scrambling to find workers as the economy recovers from the pandemic. They’re boosting pay, offering signing bonuses and offering education perks.

In another effort to sweeten the pot and keep up with rivals, Amazon last week said it would pay college tuition for some frontline employees. Walmart (NYSE:WMT) Inc. in July said it would pay the costs of tuition and books for its hourly staffers. Target Corp. (NYSE:TGT) last month said it would offer free undergraduate degrees to more than 340,000 employees at its U.S. stores. 

Amazon typically ramps up hiring in the fall to ensure it has enough workers for the crucial holiday shopping season, and often kicks that off with a string of announcements about its hiring goals.

The company has been on a recruiting tear of late, adding more than 400,000 workers last year as the pandemic sent locked-down shoppers rushing online. Last year, Amazon added about one logistics facility a day, and is likely on pace to exceed that total in 2021. The company on Tuesday said it had opened more than 250 new fulfillment centers, sortation centers, delivery stations and air-cargo hubs in the U.S., and will open 100 additional buildings in September.

The company employed 950,000 people in the U.S. at the end of June, out of 1.3 million worldwide. Most of those people work in the company’s massive logistics division, primarily in the warehouses that store and pack items. Amazon shares were up slightly in New York on Tuesday morning.

Amid the hiring spree, Amazon has been roiled by labor unrest, including a failed attempt to unionize a facility in Alabama. Jeff Bezos earlier this year pledged to focus more on the welfare of Amazon workers, a sentiment echoed by his successor, Chief Executive Officer Andy Jassy.

©2021 Bloomberg L.P.

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21-09-2021 06:37:20 (UTC+7)

EUR/USD

1.1726

+0.0001 (+0.01%)

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EUR/USD

1.1726

+0.0001 (+0.01%)

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GBP/USD

1.3660

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USD/JPY

109.35

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AUD/USD

0.7256

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USD/CAD

1.2812

-0.0013 (-0.10%)

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EUR/JPY

128.23

-0.03 (-0.02%)

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EUR/CHF

1.0879

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Gold Futures

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74.24

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US Coffee C Futures

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Euro Stoxx 50

4,043.63

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S&P 500

4,357.73

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DAX

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FTSE 100

6,903.91

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24,099.14

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US Small Cap 2000

2,178.78

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8,655.40

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BASF SE NA O.N.

61.660

-1.425 (-2.26%)

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Bayer AG NA

45.23

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Adidas AG

280.52

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Deutsche Lufthansa AG

8.664

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142.26

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 EUR/USD1.1726↑ Buy
 GBP/USD1.3660Neutral
 USD/JPY109.35↑ Sell
 AUD/USD0.7256Buy
 USD/CAD1.2812Neutral
 EUR/JPY128.23↑ Sell
 EUR/CHF1.0879↑ Sell
 Gold1,765.95↑ Buy
 Silver22.267Buy
 Copper4.1265↑ Sell
 Crude Oil WTI70.42↑ Sell
 Brent Oil74.24↑ Buy
 Natural Gas4.944Buy
 US Coffee C182.30↑ Sell
 Euro Stoxx 504,043.63↑ Sell
 S&P 5004,357.73↑ Buy
 DAX15,132.06↑ Buy
 FTSE 1006,903.91Neutral
 Hang Seng24,099.14↑ Buy
 Small Cap 20002,178.78↑ Buy
 IBEX 358,655.40↑ Sell
 BASF61.660↑ Buy
 Bayer45.23↑ Sell
 Allianz183.86↑ Buy
 Adidas280.52Neutral
 Lufthansa8.664Neutral
 Siemens AG142.26Sell
 Deutsche Bank AG10.230↑ Sell
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank5,650/ 5,700
(0/ 0) # 856
SJC HCM5,615/ 5,680
(0/ 0) # 836
SJC Hanoi5,615/ 5,682
(0/ 0) # 838
SJC Danang5,615/ 5,682
(0/ 0) # 838
SJC Nhatrang5,615/ 5,682
(0/ 0) # 838
SJC Cantho5,615/ 5,682
(0/ 0) # 838
Cập nhật 21-09-2021 06:37:22
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RON 95-IV2149021910
RON 95-II,III2139021810
E5 RON 92-II2014020540
DO 0.05S1602016340
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Dầu hỏa1508015380
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$ Tỷ giá Vietcombank
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EUR25.997,5927.350,60
GBP30.426,3531.697,56
JPY202,06213,76
KRW16,5320,13
Cập nhật lúc 06:34:42 21/09/2021
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