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

AMZN 249.12

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To: Glenn Petersen who wrote (164223)	4/28/2021 5:16:31 PM
From: Glenn Petersen	1 Recommendation Recommended By Sr K of 164684

Amazon to hike wages for over 500,000 workers to up to $3 an hour PUBLISHED WED, APR 28 20214:59 PM EDT UPDATED 4 MIN AGO Annie Palmer @ANNIERPALMER KEY POINTS -- Amazon announced Wednesday it will raise wages between 50 cents and $3 an hour for more than half a million of its U.S. operations employees. Amazon announced Wednesday it will give more than 500,000 workers a raise. Amazon will hike pay by at least 50 cents to up to $3 an hour for over half a million employees, Darcie Henry, vice president of global HR for Amazon, said in a blog post on the company’s website. Amazon will spend more than $1 billion on incremental pay for these workers, Henry said. The pay raises will start to take effect in mid-May through early June of this year, Henry said. In 2018, following pressure from politicians and worker advocacy groups, Amazon raised its minimum wage to $15 an hour for all U.S. employees. The e-commerce giant is the country’s second-largest private employer in the U.S., behind retail rival Walmart, with more than 800,000 employees nationwide. Story Link

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