Article Hero

Amazon keeps on hiring

1590762110.jpg
Miguel A. Rodriguez
Miguel A. Rodriguez
14 September 2020
Amazon hires full-time 70% of its part-time workers.

Since online shopping took off once the pandemic started, one of the biggest American retail companies, Amazon, had to hire extra staff to cope with the workload.  In March, the company hired 175,000 people to work part-time.

But as things start to fall into place, Amazon decided that it will offer full–time jobs to 125,000 temporary workers. It’s up to people if they want to stay at Amazon or to return to their old jobs. 

A full-time employee will have a comprehensive benefits package, will be paid $15 per hour or even more, and training programs. The rest of the 50,000 will continue as part-time workers.

For the past month, Amazon has been under scrutiny after some workers contracted and even died from Coronavirus infection. People protested against the company's policy and working conditions. Moreover, the company was requested to offer information about the firing of some employees who spoke about the matter. According to Amazon, it didn't do anything in bad-faith.

During yesterday's pre-market session, the stock price lost 1.1%, but since the beginning of the year, it gained 30.4%. USA500 lost 6%.

Read more about the market here and here.

Sources: techcrunch.com, marketwatch.com, livemint.com

This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

Share this article

How did you find this article?

Awful
Ok
Great
Awesome

Read More

Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.