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OFFON

AMAZON.COM, INC.

(AMZN)
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Amazon to hire 75,000 workers, offers $100 extra for vaccination proof

05/13/2021 | 11:49am EDT
FILE PHOTO: Amazon's JFK8 distribution center in Staten Island, New York City

(Reuters) - Amazon.com Inc will give $100 more to new hires with proof of COVID-19 vaccination, the world's largest e-commerce retailer said on Thursday, as part of its plan to employ 75,000 workers for fulfillment and logistics operations.

As vaccines become crucial to reopening of the economy, several U.S. retailers, including Dollar General, Kroger and Target, are offering bonuses or other perks to staff getting their shots.

Demand for hourly staff at restaurants, factories, retail stores and fulfillment centers is rising as e-commerce demand remains robust, while more consumers are expected to step out of their homes after a year of lockdown living.

The vaccine-related incentives are also aimed at attracting workers flush with relief checks and wary of the pandemic as well as the lack of childcare facilities back to work.

Amazon will pay the new hires an average starting pay of more than $17 per hour, reflecting recent hikes of between 50 cents and $3 an hour for about half a million fulfillment-center workers in the United States.

It will also pay a sign-on bonus of up to $1,000.

The e-retailer has benefited from a surge in e-commerce sales as more consumers moved online last year, forcing it to hire thousands and offer attractive perks and bonuses.

(Reporting by Nivedita Balu in Bengaluru; Editing by Arun Koyyur)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AMAZON.COM, INC. 1.04% 3366.24 Delayed Quote.3.36%
DOLLAR GENERAL CORPORATION 1.10% 235.05 Delayed Quote.11.77%
THE KROGER CO. 3.93% 42.62 Delayed Quote.29.12%
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Financials (USD)
Sales 2021 476 B - -
Net income 2021 27 203 M - -
Net cash 2021 60 587 M - -
P/E ratio 2021 63,6x
Yield 2021 -
Capitalization 1 705 B 1 705 B -
EV / Sales 2021 3,45x
EV / Sales 2022 2,86x
Nbr of Employees 1 298 000
Free-Float 82,5%
Chart AMAZON.COM, INC.
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Amazon.com, Inc. Technical Analysis Chart | AMZN | US0231351067 | MarketScreener
Technical analysis trends AMAZON.COM, INC.
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 51
Last Close Price 3 366,24 $
Average target price 4 161,03 $
Spread / Average Target 23,6%
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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
Thomas O. Ryder Independent Director
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