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OFFON

AMAZON.COM, INC.

(AMZN)
  Report
Real-time Estimate Quote. Real-time Estimate Cboe BZX - 01/26 10:34:01 am
2813.605 USD   +0.50%
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New York accuses Amazon of backsliding over worker safety, seeks monitor

11/30/2021 | 07:43pm EST
FILE PHOTO: Amazon boxes are seen stacked for delivery in the Manhattan borough of New York City

NEW YORK, Nov 30 (Reuters) - New York state's attorney general on Tuesday asked a state judge to appoint a monitor to oversee worker safety at an Amazon.com Inc fulfillment center in New York City, citing the retailer's alleged rollbacks of COVID-19 safety measures that were "already inadequate."

Letitia James, the attorney general, also wants a court order requiring the rehiring of Christian Smalls, who Amazon fired for allegedly violating a paid quarantine by leading a March 2020 protest over conditions at the Staten Island facility.

James, a Democrat running to become New York governor, sued https://www.reuters.com/article/us-amazon-com-complaint/new-york-attorney-general-sues-amazon-over-covid-19-shortfalls-idUSKBN2AH0C2 Amazon in February in a New York state court in Manhattan over its safety protocols for thousands of workers at the Staten Island facility and a distribution center in the New York City borough of Queens.

She said Amazon is valuing profit over safety and "acting as if the pandemic is over" by rolling back safety protocols even as the Omicron variant https://www.reuters.com/business/healthcare-pharmaceuticals/omicron-variant-could-outcompete-delta-south-african-disease-expert-says-2021-11-30 of the COVID-19 virus threatens to increase transmission rates.

The alleged rollbacks include making the Staten Island facility "mask-optional" for vaccinated workers while not requiring masks for unvaccinated workers, and failing to enforce social distancing.

In her motion for a preliminary injunction, James said the proposed monitor would oversee upgraded cleaning, hygiene and social distancing procedures.

"While case rates, hospitalizations, and deaths rise, Amazon rescinds protections and packs in more workers for its holiday rush," James said in her motion. "Amazon's ongoing - and worsening - failure to protect workers must be halted."

Amazon said in a statement it has taken a "comprehensive approach" to COVID-19 safety.

"It's disappointing that the Attorney General is seeking to politicize the pandemic by asking for 'emergency' relief now despite having filed this lawsuit nine months ago," Amazon said.

The Seattle-based company is appealing a judge's refusal in October to dismiss James' lawsuit.

Amazon on Nov. 15 reached a separate settlement with California https://www.reuters.com/legal/government/amazon-settles-california-claims-it-concealed-covid-19-cases-workers-2021-11-15 over claims it violated a state "right-to-know" law by concealing from warehouse workers and local health agencies the numbers of workers being infected with COVID-19. (Reporting by Jonathan Stempel in New York; Editing by Matthew Lewis and Stephen Coates)


© Reuters 2021
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Financials (USD)
Sales 2021 470 B - -
Net income 2021 21 078 M - -
Net cash 2021 37 060 M - -
P/E ratio 2021 68,6x
Yield 2021 -
Capitalization 1 420 B 1 420 B -
EV / Sales 2021 2,94x
EV / Sales 2022 2,46x
Nbr of Employees 1 298 000
Free-Float 82,7%
Chart AMAZON.COM, INC.
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Amazon.com, Inc. Technical Analysis Chart | AMZN | US0231351067 | MarketScreener
Technical analysis trends AMAZON.COM, INC.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 49
Last Close Price 2 799,72 $
Average target price 4 135,86 $
Spread / Average Target 47,7%
EPS Revisions
Managers and Directors
Andrew R. Jassy President, Chief Executive Officer & Director
Brian T. Olsavsky Chief Financial Officer & Senior Vice President
Jeffrey P. Bezos Executive Chairman
Patricia Q. Stonesifer Independent Director
Jonathan Jake Rubinstein Lead Independent Director
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