The company is rewarding its front-line workers
As the holiday season is just around the corner, retail companies try to do their best to keep their clients satisfied and the employees.
Amazon, one of the world's largest #retailers, announced that it would provide a one-time #bonus as a token of appreciation to its front-line workers.
Dave Clark, Amazon's senior vice president of retail operations, stated that the staff working full-time from December 1 to December 31 would get a $300 bonus. On the other hand, part-time workers will get $150 if they work in the same timeframe. The incentive applies to its staff in the U.S.
Overall, the bonuses will cost Amazon $500 million. But this is not the first time when the company gives its employees incentives. The "Thank You" bonuses paid in June cost Amazon another $500 million.
Amazon was under #scrutiny from U.S. #lawmakers and unions regarding whether or not it is protecting its employees from contracting #COVID-19.
After the news, Amazon #stock price gained 2.15%.
Sources: reuters.com, finance.yahoo.com
This information is prepared for general circulation. It does not regard to the specific investment objectives, financial situation or the particular needs of any recipient.
You should independently evaluate each financial product and consider the suitability of such a financial product, by taking into account your specific investment objectives, financial situation or particular needs, and by consulting an independent financial adviser as needed, before dealing in any financial products mentioned in this document.
This information may not be published, circulated, reproduced or distributed in whole or in part to any other person without the Company’s prior written consent. Past performance is not always indicative of likely or future performance. Any views or opinions presented are solely those of the author and do not necessarily represent those of za.capex.com
JME Financial Services (Pty) Ltd trading as ZA.CAPEX.COM acts as intermediary between the investor and Magnasale Trading Ltd, the counterparty to the contract for difference purchased by the Investor via ZA.CAPEX.COM, authorised & regulated by the Cyprus Securities and Exchange Commission with license number 264/15. Magnasale Trading Ltd is the principal to the CFD purchased by investors.