Amazon.com, Inc. (AMZN)’s German Workers Go on Strike

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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.

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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).

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