Since HJM has become the Sanford and Son (junk collector) of Amazon, I am posting this away from him. Wow: Amazon has changed its tune from market share to profitability!!
THE HAGUE, Netherlands (CBS.MW) -- The Amazon.com Inc. axe has fallen in Europe.
In its drive to reach profitability, Amazon.com European Services C.V., a wholly owned subsidiary of the U.S.-based Web retailer, will close its European customer service office and move operations to centers in Slough, United Kingdom and Regensberg, Germany.
The center's 240 employees will be offered transfers to the other offices, according to a press release issued Friday.
"We continue to drive toward profitability and have been very pleased with the development and over 100 percent growth of our international revenues for the calendar year," Diego Piacentini, senior vice president of Amazon's international operations.
Amazon (AMZN: news, msgs) shares have been a precipitous decline this week, closing down 63 cents to $14.38 Thursday. But at the open Friday, the stock was regaining those losses, trading recently at $14.69. |
