Online Retail Giant Expands Workforce Amid Pandemic
- Amazon plans to hire 75,000 new employees
- Increased demand due to coronavirus crisis
- Hiring push follows successful addition of 100,000 jobs in the past four weeks
- Wages increased for UK staff
- Total expected wage increase investment now over $500m
- Health and safety measures implemented
Amazon has announced it will hire an additional 75,000 employees across its operations due to increased demand during the ongoing coronavirus crisis. This follows a successful addition of 100,000 new jobs over the past four weeks. The company had initially announced the hiring push in March to respond to surged demand amid the escalating crisis and also revealed that all UK staff wages would be increased by £2 an hour. Amazon now expects to spend over $500m on wage increases. Health and safety measures, including social distancing and enhanced cleaning, have been implemented.
Factuality Level: 10
Factuality Justification: The article provides accurate information about Amazon’s decision to hire additional employees due to increased demand during the pandemic, their previous hiring push, wage increases for UK staff, and health and safety measures taken in their facilities.
Noise Level: 3
Noise Justification: The article provides relevant information about Amazon’s response to the ongoing pandemic by hiring additional employees and increasing wages for its staff. However, it lacks in-depth analysis or exploration of long-term trends or consequences of their decisions.
Financial Relevance: Yes
Financial Markets Impacted: Amazon’s stock price and other retail stocks may be impacted by this announcement.
Financial Rating Justification: The article discusses Amazon’s hiring of additional employees due to increased demand during the coronavirus crisis, which can affect their financial performance and potentially impact related stocks.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: Minor
Extreme Rating Justification: There is no extreme event mentioned in the text, but the ongoing coronavirus crisis is impacting the job market and causing economic changes.
www.retailsector.co.uk 
