Amazon settles with employees allegedly fired for criticizing working conditions

Amazon settles with employees allegedly fired for criticizing working conditions

Amazon (NASDAQ:AMZN) is trading down 0.45% at 3301.12

Amazon.com Inc and the U.S. National Labor Relations Board (NLRB) said on Wednesday the company had reached a settlement with two former employees who alleged they were fired last year for criticizing the working conditions at the e-commerce giant’s warehouses.

Amazon (NASDAQ:AMZN) had terminated the employment of Emily Cunningham and Maren Costa, who had accused the company of enforcing policies in a discriminatory fashion and instituting rules that “chill and restrain” the staff from exercising rights, according to their charge filed in October.

The NLRB found in April that Amazon illegally fired them after they advocated for better working conditions during the pandemic.

“Amazon will be required to pay us our lost wages and post a notice to all of its tech and warehouse workers nationwide that Amazon can’t fire workers for organizing and exercising their rights,” Cunningham and Costa said in a joint statement on Wednesday.

The U.S. agency said the company had reached a non-board settlement, a private agreement between parties in which terms were not disclosed, with the former employees.

The NLRB regional director, however, is required to review and approve the settlement agreement before allowing the charges to be withdrawn. 

On technical fronts Amazon (NASDAQ:AMZN) RSI stood at 37.82 and currently stock is trading below all MA. So, SELL position can be taken with following target and stoploss: 

TRADE SIGNAL – : Amazon (NASDAQ:AMZN) – SELL : 3301.12, TARGET: 3182.09, STOP LOSS : 3389.30

About Author

Related posts

sap ag technical analysis

SAP AG Technical Analysis And How To Trade SAP AG

SAP AG Technical Analysis: Weekly Chart In the weekly charts, SAP AG is trading in a down channel. SAP AG is currently trading below all SMA. RSI is in selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness. Its immediate support is 84.25 & the...

Read More
GENERAL MOTORS Technical Analysis

GENERAL MOTORS Technical Analysis and How To Trade GENERAL MOTORS

GENERAL MOTORS Technical Analysis: Weekly Chart In the weekly charts, GENERAL MOTORS is trading in down channel. GENERAL MOTORS is currently trading below all SMA. RSI is in selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness. Its immediate support is 30.75 & the resistance...

Read More

Leave a Reply