AMZN Stock Still Soaring, Amazon Workers Still Striking

Union workers are protesting outside Amazon's Seattle headquarters

   

Amazon (AMZN) workers in Germany are asking for higher wages and better work conditions but the company seems to have its priorities elsewhere.

amazonbox AMZN Stock Still Soaring, Amazon Workers Still StrikingThe retailer’s employees are planning a strike on Amazon’s headquarters in Seattle as local union workers and others join forces at 10 a.m. today. Meanwhile, AMZN stock continues to soar with shares up 0.93% early Monday afternoon.

The strike follows a series of protests from hundreds of Amazon workers who have been working together with German labor union Ver.di. The union says that “employees at Amazon deliver excellent work every day, and for that they rightfully demand the assurance and protection of retail and mail-order sector wage agreements, as well as healthy working conditions and respectful treatment.”

The workers in question are retailer employees who are responsible for assembling the orders. Amazon claims that these workers should be paid less because they perform the logistics of the retailer’s operations. Perhaps more infuriating to workers is the fact that Amazon continues to make a lot of money, generating about $8.7 billion in revenue last year. Over the last 12 months, AMZN stock has gone up a whopping 56.08%.

If recent protests from Walmart (WMT) and McDonald’s (MCD) workers are any indication, Amazon employees looking for a pay raise could be protesting for a while without getting a raise. However, Amazon isn’t the only internet giant affected from its overwhelming wealth as protesters briefly blocked a Google (GOOG) bus taking workers to its Silicon Valley campus last week.


Article printed from InvestorPlace Media, http://investorplace.com/2013/12/amzn-stock-union-workers-amazon-stock/.

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