Tag: Amazon

  • Amazon’s Workers or Why I’ll Never Invest in Amazon?

    Amazon’s Workers or Why I’ll Never Invest in Amazon?

    Amazon's Workers or Why I’ll Never Invest in Amazon?
    Amazon’s workers are under pressure, afraid of being punished if take time off, don’t talk to each other during working hours
    Over three months 28 ambulance calls were made from just one of Amazon’s fulfillment centers asking for medical help. Over the years several were made way too late to save people’s lives

    by Gorica Gligorijevic

    Amazon's workers work under pressure

    First of all, I don’t need toxic toys, diet books, self-help books, or clothes that don’t match the picture from the catalog. And moreover, I don’t understand people who are still buying on Amazon after the reports of the inhuman treatment of their employees. For me, as an investor, is extremely important that the company has good vibes with employees. That it takes care of them, and that it is honest. 

    Recently I was reading some articles about Amazon’s PR “headaches” and concerns about work conditions in its fulfillment centers. The stories I found were true horror.  

    The company has installed a stupid advertising campaign featuring employees saying things like: “I bake cakes every Tuesday!” 

    What does it mean, for God’s sake? Should it have to show us how happy they are? What’s wrong with you people? Workers are not robots (yes, I know Amazon prefers robots), workers are human beings, with problems, emotions, ambitions, life outside the workplace.

    Amazon’s invisible army of hundreds of thousands of employees secures millions of packages are delivered every day. The employees’ testimonies, I have been reading, were scary.

    They expressed their long work hours as a “brutal”, labor slavery, compulsory 60-hours work weeks, they are afraid to take time off, report workplace injuries, and the enormous pressure even during regular days not only around the holidays. And moreover, the company doesn’t care.

    For example, Business Insider reported that ambulance callouts increased during the company’s busiest weeks of the year to three Amazon warehouses in the UK.

    Amazon’s $15 minimum wage per hour

    What Amazon’s workers have to do for that amount?
    Amazon stated it is satisfied with its “great working conditions, wages and benefits, and career opportunities.” Really?
    Should we ask Nick Oates from Kansas City?
    Prior to Cyber Monday in 2018, it was ugly weather in Kansas City. The governor at the time, Jeff Colyer, had to declare a state of emergency on November 25, and people had to stay off the roads. But Oates and his colleagues had to work without excuse. For several months he was living in his car and worked in the fulfillment center since he took medical leave from Amazon for depression. Nobody cared!

    Amazon stated at that time: the staff is advised to stay at home if they think it’s not safe to travel and can do so without fear of punishment. But Oates said his experience showed how far employees will go to provide Amazon’s ability to operate. I would like to add: and how afraid they are to take time off or refuse the overtime. 

    Barely these workers had been in the spotlight.

    In September this year, Billy Foister, a 48-year-old warehouse worker in Amazon, died after a heart attack at work. His brother told media that an Amazon human resources representative said to him that Billy had lain on the floor for 20 minutes before getting attention from Amazon’s internal safety responders.

    “How can you not see a 6ft 3in man laying on the ground and not help him within 20 minutes? A couple of days before, he put the wrong product in the wrong bin and within two minutes management saw it on camera and came down to talk to him about it,” Edward Foister said to The Guardian.

    How is possible that the worker is on the floor 20 minutes and nobody notice that? It is unbelievable! If you have co-workers, colleagues, working with you, you are talking from time to time during the shift, you can see each other, even if you are working in some lab, not in bloody Amazon’s warehouse.

    More accidents to Amazon’s workers 

    This case isn’t the first the company has been accused of providing delayed medical attention to a warehouse worker during working hours. In January this year, the widow of Thomas Becker filed a lawsuit against Amazon. She claimed that management hesitated to provide medical attention during a cardiac arrest. Becker worked at Amazon’s warehouse in 2017 in Joliet, Illinois. 

    From January to March 2019, over three months 28 ambulance calls were made from the warehouse in Etna, Ohio. Five employees with suicidal concerns and five on-the-job injuries. About 3,700 workers are employed at this fulfillment center.

    An Amazon spokesperson said: “Safety is a fundamental principle across our company and is inherent in our facility infrastructure, design, and operations.” Really? With reports of temperatures reaching 45 degrees Celsius during summers in some warehouses and workers who work in them for stretches of 4-5 hours without a break, worker safety doesn’t appear to be “fundamental principle”.

    Bottom line

    Horror stories of working conditions in Amazon and Amazon’s workers have overwhelmed the news, walkouts have erupted across Europe, and lawmakers in the US have lobbied for pay raises. Amazon’s founder and CEO, Jeff Bezos, has turned Amazon into a $790 billion worth company. Yes, he is the richest man in the world. But I don’t have to make him richer. Not me. I wish him luck but my money will stay with me. I’ll never invest in such a cruel company. Profit is important but human lives are more so. 

    I don’t want to say that Amazon isn’t worth investing in, these are my personal reasons why I want to stay away from it.

  • Amazon is Opening Store in New York for 4-Star Rated Products

    Amazon is Opening Store in New York for 4-Star Rated Products

    1 min read

    Amazon is Opening Store in New York for 4-Star Rated Products 1

    Amazon.com on Wednesday said it is opening a general store in New York City. It will sell toys, household goods and a range of other products highly rated on its website. Amazon is marking its latest push into brick-and-mortar retail.

    Amazon 4-star will open to the public on Thursday in New York’s SoHo neighborhood. The store will sell items ranked four stars or higher on its website.

    The company will also focus on stocking best-sellers and items popular with New Yorkers.

    Amazon’s physical shop will let customers play with Echo speakers, Kindle e-readers, and other devices made by the company.

    Who are the best modern German investors?

    It will also sell books, games, and kitchenware.

    In an effort to tie-in with the digital realm each item displayed in the store will carry its own digital tag displaying the list price, star rating and volume of reviews received.

    Those without membership in the fast-shipping club will be charged the typically higher list price while an exclusive Prime-only price will also be offered for subscribers.

    Amazon said the store was “a direct reflection of our customers — what they’re buying and what they’re loving.”

    The extent of Amazon’s ambition for the new store format is unclear.

    The company is known for experimentation, and a spokesman declined to comment on expansion plans. Amazon has previously experimented with physical stores, opening around 12 bookstores earlier this year and establishing its own convenience store chain in native Seattle.

    Michael Pachter, an analyst at Wedbush Securities, said Amazon will add new stores if the format takes off. But he expects it may not.

    “If I’m looking for a television and the store is full of kitchen appliances, it doesn’t help me very much,” he said.

    Grocery remains the other key category for Amazon’s brick-and-mortar play.

    The company bought Whole Foods Market in a $13.7 billion (roughly Rs. 99,000 crores) deal last year, from which it is now delivering fresh food to shoppers’ homes. It is also rolling out small grocery shops, which we previously knew as Amazon Go. 

    There is in-store technology. It allows customers to walk out with items. And have their credit cards billed without having to stop by a cash register.

    The 4-star store appears to follow a similar format and strategy as Amazon Books, which stocks its shelves with the most popular online titles.

    The company also uses detailed local data to showcase categories of area best-sellers.
    Shoppers can check the online price of books they are interested in with a phone or scanner.
    Amazon will use the store to hawk its own devices, allowing consumers to test them out and buy them in store.

    You might be interested: Algorithms make fails more often than you expect.

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