Amazon Finds Its Pay Attractive, Leaving It Unfazed By Unionization Frenzy: Report

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  • Amazon.Com, Inc AMZN is unfazed about the wave of global unionizing, as per a top executive.
  • Stefano Perego, vice president of customer fulfillment and global ops services for North America and Europe at Amazon, said the company's pay and benefits are attractive, CNBC cites from Tuesday's interview.
  • The company has seen extensive unionization efforts in the U.S. and the U.K. from Amazon warehouse workers protesting wages and working conditions.
  • Workers at an Amazon site in Coventry, in the U.K., staged the first formal industrial action in January to help them collectively bargain with Amazon over wages.
  • In 2022, a group of workers in New York's Staten Island became the first to vote in favor of unionizing at a U.S. facility run by Amazon. Amazon has opposed unionization efforts in the U.S.
  • The GMB union, representing the Amazon workers in the U.K., called out the company for its paltry pay and voiced the workers' need to have enough cash to keep a roof over their heads and feed their families.
  • Perego defended the company's workers' safety environment by stating that the recordable injury rate in Amazon facilities has fallen more than 24% since 2019. Amazon proposes to dole out $550 million globally on safety in 2023.
  • Price Action: AMZN shares traded higher by 0.54% at $110.78 premarket on the last check Thursday.
  • Photo via Wikimedia Commons
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