'Teamsters Support Amazon Workers In Demanding Real Wage Increases' - Teamsters
Portfolio Pulse from Benzinga Newsdesk
Amazon workers are demanding wage increases after the company announced pay rates that fall below the industry standard set by the Teamsters at UPS. The wage announcement follows a summer of labor actions by Amazon workers, including strikes and petitions. Amazon's wages remain below the industry standard in the package delivery and warehousing industry. UPS Teamsters forced the company to raise minimum warehouse wages by $5.50 an hour. Amazon was recently forced to change its Unpaid Time (UPT) policy after workers took action and filed charges at the National Labor Relations Board.
September 21, 2023 | 8:11 pm
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NEGATIVE IMPACT
Amazon is facing pressure from its workers for wage increases and better labor practices. This could potentially lead to increased operational costs if the company decides to meet these demands.
The ongoing labor issues and demands for wage increases at Amazon could lead to increased operational costs if the company decides to meet these demands. This could potentially have a negative impact on the company's profitability in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100