"Amazon Boosts Pay For Its Drivers Following Threats To Unionize; Amazon Says Roughly $2B Investment Will Boost Average Driver Pay To Nearly $22 An Hour" - WSJ
Portfolio Pulse from Benzinga Newsdesk
Amazon is increasing pay for its drivers to nearly $22 an hour, investing roughly $2 billion. This move comes in response to unionization threats.
September 12, 2024 | 5:24 pm
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Amazon is investing $2 billion to increase driver pay to nearly $22 an hour, addressing unionization threats. This move could improve labor relations and potentially impact Amazon's cost structure.
The pay increase is a strategic move to address unionization threats, which could stabilize labor relations. However, the $2 billion investment may affect Amazon's cost structure, balancing the short-term impact on stock price.
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