• Privacy policy
  • T&C’s
  • About Us
    • FAQ
  • Contact us
  • Guest Content
  • TLE
  • News
  • Politics
  • Opinion
    • Elevenses
  • Business
  • Food
  • Travel
  • Property
  • JOBS
  • All
    • All Entertainment
    • Film
    • Sport
    • Tech/Auto
    • Lifestyle
    • Lottery Results
      • Lotto
      • Set For Life
      • Thunderball
      • EuroMillions
No Result
View All Result
The London Economic
SUPPORT THE LONDON ECONOMIC
NEWSLETTER
The London Economic
No Result
View All Result
Home Business and Economics Business

Coronavirus will help Amazon to eat up the rest of the market

As high street retailers announce redundancies, Amazon says it needs to hire 100,000 people in the US to keep up with demand.

Jack Peat by Jack Peat
2020-03-17 08:22
in Business, Business and Economics
FacebookTwitterLinkedinEmailWhatsapp

As high street retailers batten down the hatches to endure the Coronavoris epidemic, one company that is expected to profit from disaster is online retailer Amazon.

With an already comfortable position in the market the coming weeks and months could see the e-commerce firm largely eat up the rest of the competition.

Carphone Warehouse announced today that it is to close all standalone stores resulting in 2,900 redundancies.

Many other retailers with physical outlets could follow suit as people stay at home to battle the growing epidemic.

Shift to online

But in stark contrast, Amazon yesterday announced it needs to hire 100,000 people across the US to keep up with a crush of orders as the coronavirus spreads and keeps more people at home, shopping online.

The online retailer said it would also temporarily raise pay by $2 an hour through the end of April for hourly employees.

That includes workers at its warehouses, delivery centres and Whole Foods grocery stores, all of whom make at least $15 (£11.50) an hour.

Employees in the UK and other European countries will receive a similar raise.

“We are seeing a significant increase in demand, which means our labour needs are unprecedented for this time of year,” said Dave Clark, who oversees Amazon’s warehouse and delivery network.

RelatedPosts

Trump unveils $499 gold mobile phones for ‘real Americans’

No ‘millionaire exodus’ as a result of Labour policies, study finds

Shops could be forced to accept cash in future

Liverpool to introduce tourist tax from June

Operations under pressure

Amazon said this weekend that a surge of orders was putting its operations under pressure, and warned shoppers it could take longer than the usual two days to receive packages.

It also said it was sold out of many household cleaning supplies and was working to get more in stock.

Last week, Amazon changed its time-off policy for hourly workers, telling them they could take as much time off as they wanted in March, although they would only be paid if they had earned time off.

Amazon also said it would pay hourly workers for up to two weeks if they contracted the virus or needed to be quarantined.

The Seattle-based company said the new job openings are for a mix of full-time and part-time positions and include delivery drivers and warehouse workers, who pack and ship orders to shoppers.

Amazon is already the second-largest US-based employer behind Walmart, with nearly 800,000 workers worldwide.

Related: Sainsbury’s chief: “If we shop just for food we and our families need, there will be enough”

Tags: Amazonheadline

Subscribe to our Newsletter

View our  Privacy Policy and Terms & Conditions

About Us

TheLondonEconomic.com – Open, accessible and accountable news, sport, culture and lifestyle.

Read more

SUPPORT

We do not charge or put articles behind a paywall. If you can, please show your appreciation for our free content by donating whatever you think is fair to help keep TLE growing and support real, independent, investigative journalism.

DONATE & SUPPORT

Contact

Editorial enquiries, please contact: [email protected]

Commercial enquiries, please contact: [email protected]

Address

The London Economic Newspaper Limited t/a TLE
Company number 09221879
International House,
24 Holborn Viaduct,
London EC1A 2BN,
United Kingdom

© The London Economic Newspaper Limited t/a TLE thelondoneconomic.com - All Rights Reserved. Privacy

No Result
View All Result
  • Home
  • News
  • Politics
  • Lottery Results
    • Lotto
    • Set For Life
    • Thunderball
    • EuroMillions
  • Business
  • Sport
  • Entertainment
  • Lifestyle
  • Food
  • Travel
  • JOBS
  • More…
    • Elevenses
    • Opinion
    • Property
    • Tech & Auto
  • About Us
    • Privacy policy
  • Contact us

© The London Economic Newspaper Limited t/a TLE thelondoneconomic.com - All Rights Reserved. Privacy

← Government only realised “in last few days” that its Coronavirus strategy would “likely result in hundreds of thousands of deaths” ← EU battles to forge common front as coronavirus eats at unity
No Result
View All Result
  • Home
  • News
  • Politics
  • Lottery Results
    • Lotto
    • Set For Life
    • Thunderball
    • EuroMillions
  • Business
  • Sport
  • Entertainment
  • Lifestyle
  • Food
  • Travel
  • JOBS
  • More…
    • Elevenses
    • Opinion
    • Property
    • Tech & Auto
  • About Us
    • Privacy policy
  • Contact us

© The London Economic Newspaper Limited t/a TLE thelondoneconomic.com - All Rights Reserved. Privacy

-->