Amazon.com, Inc. (NASDAQ:AMZN) is facing troubles in Germany, its second largest market after the US. The German Labor Union Verdi has urged all the workers working in Amazon.com, Inc. (NASDAQ:AMZN)’s German warehouses to go on strike from today. Reuters reported this development in an article.
According to the article, Verdi has asked Amazon.com, Inc. (NASDAQ:AMZN)’s warehouse workers to strike at its distribution centers in Leipzig, Graben, Bad Hersfeld and Rheinberg. Amazon.com, Inc. (NASDAQ:AMZN) employs a total of 23,000 workers at its nine distribution centers in Germany, out of which 9,000 are permanent staff and the remaining 14,000 are seasonal workers.
According to Reuters, Verdi is pushing Amazon.com, Inc. (NASDAQ:AMZN) to raise workers’ wages in accordance with collective bargaining agreements across retailing and mail order industry in Germany, but Amazon.com, Inc. (NASDAQ:AMZN) refuses to do so citing that its staff are logistics workers and are paid competitive salaries in that industry.
As of June 30, 2014, Ken Fisher’s Fisher Asset Management owns over 2.4 million shares in Amazon.com, Inc. (NASDAQ:AMZN).
Free Report: Warren Buffett and 12 Billionaires Are Crazy About These 7 Stocks
Let Warren Buffett, David Einhorn, George Soros, and David Tepper WORK FOR YOU. If you want to beat the low cost index funds by an average of 6 percentage points per year look no further than Warren Buffett’s stock picks. That’s the margin Buffett’s stock picks outperformed the market since 2008. In this free report, Insider Monkey’s market beating research team identified 7 stocks Warren Buffett and 12 other billionaires are crazy about. CLICK HERE NOW for all the details.
Suggested Articles:
Most Expensive Countries In the World
Most Expensive Mobile Phones In the Market
