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AMAZON.COM, INC.

(AMZN)
  Report
Real-time Estimate Cboe BZX  -  04:40 2022-10-03 pm EDT
114.87 USD   +1.65%
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Workers at a New York state Amazon warehouse seek to unionize

08/16/2022 | 07:01pm EDT

NEW YORK, Aug 16 (Reuters) - Workers at an Amazon.com Inc warehouse near Albany, New York, are seeking to unionize, the National Labor Relations Board said in a statement on Tuesday.

The Amazon Labor Union - the same independent group that organized a historic union win at another warehouse on New York's Staten Island in April - petitioned the federal labor board to hold an election at the warehouse near Albany and represent about 400 workers.

Employees at dozens of Amazon warehouses across the United States are considering joining unions as the online retailer faces claims that it prioritizes profit over worker safety and has unlawfully discouraged union organizing.

Asked for comment on the Albany area warehouse, Amazon spokesperson Paul Flanagan said: “Our employees have the choice of whether or not to join a union. They always have. As a company, we don’t think unions are the best answer for our employees. Our focus remains on working directly with our team to continue making Amazon a great place to work.”

The warehouse near Albany is one of several Amazon warehouses where workers have filed a petition to unionize within the past year.

The Amazon Labor Union organized elections at two Staten Island warehouses. One voted to unionize and the other did not.

A union petition at a small New Jersey warehouse was withdrawn. (Reporting by Hilary Russ and Doyinsola Oladipo in New York Editing by Leslie Adler and Matthew Lewis)


© Reuters 2022
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Analyst Recommendations on AMAZON.COM, INC.
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Financials (USD)
Sales 2022 522 B - -
Net income 2022 502 M - -
Net Debt 2022 25 179 M - -
P/E ratio 2022 3 450x
Yield 2022 -
Capitalization 1 151 B 1 151 B -
EV / Sales 2022 2,25x
EV / Sales 2023 1,91x
Nbr of Employees 1 608 000
Free-Float 85,8%
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Technical analysis trends AMAZON.COM, INC.
Short TermMid-TermLong Term
TrendsBearishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 50
Last Close Price 113,00 $
Average target price 173,28 $
Spread / Average Target 53,3%
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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