AMZN Stock – Amazon raises minimum pay in Germany to 12 euros per hour
The pay increase is effective from July and compares with entry-level pay as low as 11.30 euros per hour for some locations, though pay exceeded 12 euros in other locations.
Amazon‘s wages exceed Germany’s current minimum wage of 9.50 euros per hour. But workers have regularly gone on strike, such as last year to coincide with the $1.6 trillion company’s global “Prime Day” promotion event. They were disgruntled that a coronavirus bonus had been scrapped.
A Verdi official said that the increase was the least that the company could do after “earning a pretty penny in recent months” and that pay still fell short of its demands for many employees.
Amazon – which saw net profit rise to $8.1 billion in the first quarter, more than tripling from $2.5 billion the year earlier – has faced similar criticism over conditions and pay throughout the globe.
($1 = 0.8254 euros)
(Reporting by Klaus Lauer and Tom Sims; Editing by Emelia Sithole-Matarise)