Amazon's UK Pay Raise Welcomed by Some, But Union Concerns Over Working Conditions Persist
Portfolio Pulse from Anusuya Lahiri
Amazon.com Inc. is set to increase pay for its UK operations workers and hire an additional 15,000 staff for the holiday season. The pay raise, effective from October 15, will benefit frontline workers, raising their hourly wages to between £11.80 and £12.50. Despite this, the GMB Union criticized the pay increase, citing ongoing issues with low pay, unsafe working conditions, and workplace surveillance. Amazon's shares traded lower by 0.86% at $126.85 on the last check Monday.
October 09, 2023 | 4:55 pm
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Amazon's decision to increase pay for its UK workers and hire more staff may be seen as a positive move, but ongoing union issues could negatively impact the company's reputation and stock price.
While Amazon's decision to increase pay and hire more staff could be seen as a positive move, the ongoing criticism from the GMB Union over low pay, unsafe working conditions, and workplace surveillance could negatively impact the company's reputation and stock price. This is reflected in the recent 0.86% decrease in Amazon's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100