Amazon Slapped With $5.9M Fine For Violating Worker Quota Law In California Nearly 60K Times Over 5 Months
Portfolio Pulse from Benzinga Neuro
Amazon.com Inc. (NASDAQ:AMZN) has been fined $5.9 million by a California labor regulator for allegedly failing to inform workers of productivity quotas at two of its warehouses. The fine is tied to a 2022 California law mandating written descriptions of quotas. Amazon is appealing the citations.
June 19, 2024 | 7:21 am
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Amazon has been fined $5.9 million by California for allegedly failing to inform workers of productivity quotas at two warehouses. The company is appealing the citations.
The fine and the allegations of violating worker quota laws could negatively impact Amazon's stock in the short term due to increased regulatory scrutiny and potential reputational damage. The company's appeal may mitigate some of the negative impact, but the ongoing legal and labor issues are likely to weigh on investor sentiment.
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