Online retail giant Amazon is cutting back on bonuses and other stock options for its warehouse workers after it raised its minimum wage for all employees to at least $15 an hour; a sharp rebuke of Sen. Bernie Sanders public crusade against one of the nation’s largest corporations.
According to Bloomberg, “Warehouse workers for the e-commerce giant in the U.S. were eligible in the past for monthly bonuses that could total hundreds of dollars per month as well as stock awards, said two people familiar with Amazon’s pay policies. The company informed those employees Wednesday that it’s eliminating both of those compensation categories to help pay for the raises.”
The revised payment scheme may actually result in “less wages” for certain workers.
“Because it’s no longer incentive-based, the compensation will be more immediate and predictable,” Amazon said.
The announcement comes just weeks after Sen. Bernie Sanders launched his full-fledged campaign against the one of the nation’s largest companies; unveiling new legislation that would impose a stiff tax for government benefits received by full-time employees.
Read the full story at Bloomberg.
AMAZON STRIKES BACK: Bezos Accuses Bernie of ‘MISLEADING’ Americans on Work Conditions
Online retail giant Amazon fired-back at Vermont Senator Bernie Sanders this week; making a are political statement that accused the Democratic Socialist of “misleading” the American people with “inaccurate” information.
Amazon posted the scathing statement on social media after Sanders slammed CEO Jeff Bezos for difficult working conditions and low-wages at distribution centers across the country; claiming employees were sleeping in cars and receiving government assistance.
“Senator Sanders continues to make inaccurate and misleading accusations against Amazon,” said a post on Amazon’s website. “We have been in regular contact with his office and have offered several opportunities for Senator Sanders and his team to tour one of our fulfillment centers (FCs). To date he has still not seen an FC for himself.”
“Instead, Senator Sanders continues to spread misleading statements about pay and benefits. Amazon is proud to have created over 130,000 new jobs last year alone. In the U.S., the average hourly wage for a full-time associate in our fulfillment centers, including cash, stock, and incentive bonuses, is over $15/hour before overtime,” adds the statement.
Read Amazon’s full response here.
BERNIE VS BEZOS: Sen. Sanders ROASTS AMAZON Over ‘DEMANDING’ Working Conditions
Vermont Senator Bernie Sanders unloaded on Amazon owner Jeff Bezos Tuesday, releasing a scathing statement that slammed the corporation’s “demanding working conditions” and asked employees to share their stories on his website.
Sanders -who just this week blasted Disneyland for refusing to raise their minimum wage- blind-sided Bezos on social media, posting “Amazon is one of the wealthiest corporations in the world, and its owner, Jeff Bezos, is the richest man on the planet, worth over $155 billion.”
“Despite this, Bezos continues to pay many thousands of his Amazon employees wages that are so low that they are forced to depend on taxpayer-funded programs such as food stamps, Medicaid and subsidized housing to survive,” added the statement.
Are you a current or former Amazon employee? Please share your experiences with Sen. Bernie Sanders. https://t.co/fQzm3SuyXA
— Bernie Sanders (@SenSanders) August 28, 2018
“Amazon is proud to have created over 130,000 new jobs last year alone. These are good jobs with highly competitive pay and full benefits,” added an Amazon spokesperson.
h/t The Hill