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director, however, is required to review and approve the settlement agreement before allowing the charges to be withdrawn.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