Oct 10, 2018

Amazon to compensate workers who lost stock, bonuses after wage increase

Marisa Fernandez

An Amazon fulfillment center in Sacramento, Calif. Photo: Justin Sullivan/Getty Images.

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+. 

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Coronavirus updates: World case count tops 600,000, Spain sees its deadliest day of outbreak

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens and confirmed plus presumptive cases from the CDC

Spain reported a record 832 coronavirus deaths in 24 hours — just one day after Italy reported nearly 1,000 deaths.

The big picture: The U.S. now leads the world in confirmed coronavirus cases, as the number of global cases nears 615,519. Governments around the world are trying to curb the medical and financial fallout of COVID-19, as infections surge across Europe and the U.S.

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  1. Global: Total confirmed cases as of 9 a.m. ET: 615,519 — Total deaths: 28,687 — Total recoveries: 135,671.
  2. U.S.: Leads the world in cases. Total confirmed cases as of 9 a.m. ET: 104,837 — Total deaths: 1,711 — Total recoveries: 894.
  3. Federal government latest: President Trump signed the $2 trillion coronavirus stimulus bill to provide businesses and U.S. workers economic relief.
  4. State updates: Alaska is latest state to issue stay-at-home order — New York is trying to nearly triple its hospital capacity in less than a month.
  5. World updates: Italy reported 969 coronavirus deaths on Friday, the country's deadliest day.
  6. Business latest: President Trump authorized the use of the Defense Production Act to direct General Motors to build ventilators for those affected by COVID-19. White House trade adviser Peter Navarro has been appointed to enforce the act.
  7. What should I do? Answers about the virus from Axios experts — What to know about social distancing.
  8. Other resources: CDC on how to avoid the virus, what to do if you get it.

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