Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

Amazon raises minimum pay in Germany to 12 euros per hour

06/12/2021 | 12:57pm EDT
FILE PHOTO: An Amazon logo is pictured at a logistics centre in Mannheim

FRANKFURT (Reuters) - Amazon will guarantee an entry-level wage at its German warehouses of 12 euros ($15) an hour, the company said on Friday in the face of a long-running battle with a top labour union.

Germany is Amazon's biggest market after the United States, and the Verdi union has been organising strikes at Amazon in the country since 2013 to protest low pay and poor conditions.

The pay increase is effective from July and compares with entry-level pay as low as 11.30 euros per hour for some locations, though pay exceeded 12 euros in other locations.

Amazon's wages exceed Germany's current minimum wage of 9.50 euros per hour. But workers have regularly gone on strike, such as last year to coincide with the $1.6 trillion company's global "Prime Day" promotion event. They were disgruntled that a coronavirus bonus had been scrapped.

A Verdi official said that the increase was the least that the company could do after "earning a pretty penny in recent months" and that pay still fell short of its demands for many employees.

Amazon - which saw net profit rise to $8.1 billion in the first quarter, more than tripling from $2.5 billion the year earlier - has faced similar criticism over conditions and pay throughout the globe.

A spokesperson for Amazon in Germany said all employees would be getting a raise, and Amazon said in a statement that further increases were scheduled for the future.

($1 = 0.8254 euros)

(Reporting by Klaus Lauer and Tom Sims; Editing by Emelia Sithole-Matarise)


ę Reuters 2021
Latest news "Economy & Forex"
05:01pFinancials Rise With Treasury Yields -- Financials Roundup
DJ
05:00pRosengren says money market reform, cryptocurrencies need special attention
RE
04:58pWARREN BUFFETT : Warren Buffett resigns from Gates Foundation, has donated half his fortune
RE
04:57pDow Jones Industrial Averageá: U.S. stocks end mixed with Nasdaq at record close, dollar gains
RE
04:57pWALL STREET STOCK EXCHANGE : U.S. stocks end mixed with Nasdaq at record close, dollar gains
RE
04:57pRosengren says his expectation is that most price increases will be reversed going into next year
RE
04:57pRosengren says fed will watch data and respond if necessary
RE
04:57pRosengren says fed needs to watch the data to see if inflation is more persistent than expected
RE
04:56pRosengren says any forecasts expecting inflation above 3% next year are outliers
RE
04:55pRosengren says financial markets aren't pricing assets as if they expect inflation at 3%
RE
Latest news "Economy & Forex"