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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 249.14

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3:59 PM EST

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From: Sr K	4/11/2021 9:59:16 AM
	of 164684

WSJ Why Amazon Workers in Alabama Voted Against Union Warehouse employees cite job security as well as company’s arguments highlighting its strengths and the union’s weaknesses About 71% of Amazon workers at the Bessemer, Ala., warehouse facility voted against unionization.PHOTO: ELIJAH NOUVELAGE/GETTY IMAGES By Sebastian Herrera April 10, 2021 11:00 am ET Amazon . com Inc. employees in Alabama who sided against unionization said they had broad concerns about job security and grew convinced that their pay and benefits might not markedly increase with the help of a union. The resounding victory for Amazon, the nation’s second-largest private employer, came after it organized what proved to be a successful local campaign, highlighting the company’s strengths and questioning the union’s benefits. Nationally, Amazon grew vocal in pushing back against criticism about its workplace conditions, including when a top executive engaged in disputes with members of Congress on Twitter. Analysts say the defeat of unionization will strengthen Amazon after what has already been a year of tremendous growth and successfueled by the pandemic. The tech giant’s revenue last year soared 38% to $386 billion, and its profit nearly doubled, as it added 500,000 people to its global workforce. Some workers said Amazon helped steer their vote against unionization. Other employees said they didn’t need convincing by Amazon and were against unionizing from the start. Amazon pointed to its minimum wage of $15 an hour, double the state’s minimum wage of $7.25 an hour, which is also the federal minimum. The company also highlighted its healthcare and retirement benefits. Excerpt

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