Amazon aware of warehouse injury risk, Senate report finds

Published On Dec 16, 2024, 12:28 PM

An investigation by Senator Bernie Sanders revealed that Amazon's warehouse workers are pressured to fulfill orders at high speeds, leading to increased injury rates. The report found that Amazon's injury rates were over 30% higher than the industry average, with employees nearly twice as likely to be injured compared to workers at other companies. Despite this, Amazon refuted the report's findings, claiming it was based on outdated and incomplete data, and emphasized their commitment to employee safety. Amazon has been under scrutiny regarding worker safety practices for several years, especially during the pandemic, and this investigation has reignited concerns surrounding their workplace conditions.

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Stock Forecasts

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Negative

Given the ongoing scrutiny and negative publicity surrounding Amazon's labor practices, there may be implications for the company's stock performance as public sentiment could shift negatively. However, the company's strong e-commerce position and ability to adapt may spur some resilience in long-term valuation. Investors should monitor how these allegations affect consumer perception and regulatory scrutiny moving forward.

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