Amazon to compensate workers who lost stock, bonuses after wage increase
Amazon said Wednesday that it will provide additional raises for workers whose lost stock or bonuses following the company's announcement that it is increasing its minimum wage to $15-per-hour, the Seattle Times reports. The
Why it matters: The move to increase the minimum wage came after several politicians, including Sen. Bernie Sanders (D-Vt.) and Elizabeth Warren (D-Mass.), criticized the e-commerce giant for paying its workers too little. But, following the increase, many employees publicly complained about how Amazon failed to communicate that workers would simultaneously be losing stock options and bonuses as a result.
The details: A company spokesperson said Wednesday that Amazon will pay workers an additional $0.25 to $2 an hour, depending on the facility and tenure. That's in addition to the extra $1/hour promised to those already making $15+.