Amazon.com says it is hiring 70,000 full-time seasonal workers around the US to fill orders over the holiday season.
The world’s largest online retailer says the hires are an increase of 40 percent over last year’s 50,000 workers. Seasonal employees at Amazon.com Inc order fulfillment centers are eligible for healthcare benefits and, on average, earn 94 percent of the wages of regular employees.
Amazon says it plans to convert “thousands” of the temporary jobs into full-time roles after the holiday season.
Yesterday’s announcement from the Seattle-based company follows seasonal hiring announcements from other large retailers. Wal-Mart Stores said last week that it is hiring 55,000 seasonal workers. It is also elevating 35,000 temporary workers to part-time positions and 35,000 part-time workers to full-time jobs.
Meanwhile, hit by labor disputes in Germany, Amazon is considering five new logistics centers in the Czech Republic and Poland, a Polish business daily reported on Monday.
The report comes after several hundred employees of its German centers went on strike after Amazon refused to bring pay in line with comparable work in the distribution sector. Walkouts were also held in May and June.
The new centers — which would carry lower labor costs — would each measure about 100,000m2 and cost from 50 million euros (US$67.8 million) to 60 million euros, the Puls Biznesu daily said, citing anonymous sources.
Regional development agency official Ewa Kaucz in the western city of Wroclaw told the daily that talks were ongoing, but no final decision had been made.
Softbank Group Corp plans to keep a stake in the chip designer Arm Ltd, even if it sells a partial interest to Nvidia Corp, the Nikkei reported. The companies are negotiating terms, the newspaper reported, citing sources. Softbank might take a stake in Nvidia after it buys Arm, the report said. Nvidia and Arm might also merge through a share swap, and Softbank would become a major shareholder in the combined company, it said. The two parties aim to reach a deal in the next few weeks, the sources said, asking not to be identified because the information is private. Nvidia is the
END TO SPECULATION: The hotel’s management contract has been extended, despite reports that it wanted to end its alliance with Hyatt Hotels over a deal with Riant Capital Singapore-based Hong Leong Hotel Development Ltd (豐隆大飯店股份) yesterday said it has extended a management contract to ensure the continued presence of the Grand Hyatt brand in Taipei, ending rumors that the two sides were parting ways. “We are pleased Hyatt is able to come to terms on the extension of the management contract of Grand Hyatt Taipei,” said Kwek Leng Beng (郭令明), executive chairman of City Developments Ltd (城市發展) and Millennium & Copthorne Hotels Ltd (千禧國敦酒店). Hong Leong Hotel Development is a subsidiary of Millennium, and both fall under the Hong Leong Group (豐隆集團). The Grand Hyatt Taipei (台北君悅大飯店), owned and built by
Gold surged to a fresh record on Friday, fueled by US dollar weakness and low interest rates, while silver headed for its best month since 1979. Spot bullion is up more than 10 percent this month, as US real yields lingered near record lows. While the ferocity of rallies in gold and silver cooled in the middle of the week, most market watchers predict there might be more gains ahead. Both metals have added about 30 percent this year, with gold and silver exchange-traded funds boosting holdings to a record, as concern about the fallout from the COVID-19 pandemic fuels demand for
MOVING FROM CHINA? The article did not name the company, but Foxconn, Wistron and Pegatron were among firms chosen for a production-linked incentive plan in India An Apple Inc vendor is looking at shifting six production lines to India from China, which could result in US$5 billion of iPhone exports from the South Asian nation, the Times of India reported, citing people familiar with the matter who it did not identify. The establishment of the facility would create about 55,000 jobs over about a year, the newspaper reported, not naming the Apple vendor. It would also cater to the domestic market and expand operations to include tablets and laptops, the newspaper reported. Samsung Electronics Co and Apple’s assembly partners are among 22 companies that have pledged 110 billion