Last $309.09 USD
Change Today +6.06 / 2.00%
Volume 2.9M
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As of 8:10 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

amazon.com inc (AMZN) Key Developments

German Trade Union Expands Strike at Amazon

German trade union Verdi has expanded its strike to include a sixth Amazon warehouse in an ongoing pay dispute. Workers from Koblenz, in the state of Rhineland-Palatinate, on December 16, 2014 joined their colleagues from Bad Hersfeld, Leipzig, Graben, Rheinberg and Werne. The fresh strike, which began on December 15, 2014, will continue until late on December 17, 2014. Amazon insists on classifying warehouse staff as logistics workers and rejects Verdi's calls to bring wages in line with those offered in the mail order and retail industry.

Amazon Launches Kindle Unlimited for French-Speaking Europe

Amazon has launched its Kindle Unlimited service in France, Monaco, Switzerland, Luxembourg and Belgium, offering access to over 700,000 titles, including 20,000 in French. Customers who sign up by 10 January 2015 pay EUR 0.99 for the first month, rather than the standard subscription price of EUR 9.99 a month. Books can be read over a Kindle e-book reader or any Android or iOS phone or tablet, as well as PCs, by downloading the appropriate app. Customers can download up to 10 books at a time.

Union Calls 3-Day Strike at German Amazon Centers

A union has launched a three-day strike at five Amazon.com distribution centers in Germany, the latest in a string of walkouts in a long-running wage dispute with the American online retailer. The ver.di union called workers at Bad Hersfeld, Leipzig, Graben, Rheinberg and Werne out on strike from December 8, 2014 until late December 10, 2014.

Amazon.com Inc. to Open Physical Store in New York City Offering Same-Day Delivery

Amazon.com will open a physical location in downtown Manhattan in an attempt to further compete with brick-and-mortar stores such as Barns and Noble. Located at 7 West 34th St., directly across from the Empire State Building and just a block from Macy's location, Amazon's newly-rented building will primarily serve as a merchandise pickup window for online customers and a warehouse for the retailer's same-day bicycle fleet servicing Amazon Prime Now customers.

Amazon Christmas Business in Germany Hit by Strike

Amazon Christmas business in Germany hit by strike Berlin German workers employed launched a strike on December 8, 2014, over a long-running dispute over a wage agreement, which was aimed at the company's key pre-Christmas business. The service sector union said their members walked off the job at Amazon's Bad Hersfeld operations in western Germany at midnight (0100 GMT) and were not expected to return to work as part of their campaign for the company to introduce collective bargaining into its German operations. The union also declined to rule out the strike extending into December 9, 2014 or other Amazon dispatch centres joining the industrial action. The company currently employs a total of about 9,000 people at nine locations across Germany. The union has launched a series of strikes over more than a year to try to force Amazon to agree to a collective wage agreement that would recognize its German employees as retail warehouse workers. Instead, Amazon insists that its dispatch sites in Germany are logistics centres, where lower hourly rates prevail under the nation's law.

 

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