Oct 29, 2021
Amazon to pay billions to prevent Christmas shortages
Amazon has said it will spend several billion dollars to manage labour shortages and supply chain issues in the run up to Christmas. Y Jassy, chief executive, said Amazon expected to "Incur several billion dollars of additional costs" as it managed through "Labour supply shortages, increased wage costs, global supply chain issues, and increased freight and shipping costs". Businesses across the world have been grappling with shortages and issues with supply chains as economies have rebooted following coronavirus lockdowns. Amazon's staffing issues has led to the retailer offering one-off payments of up to £3,000 in a bid to attract staff in UK regions where there is high demand for labour. Reuters reported Amazon Chief Financial Officer Brian Olsavsky had said worker shortages contributed to inconsistent staffing levels at the company.
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