Amazon.com owner amasses 12 figure fortune, but workers walk off jobs
Friday, 24 November 2017

$100,000,000,000....

That is the net worth of Amazon founder (and Washington Post owner) Jeff Bezos after Amazon's shares surged today on optimism over Black Friday.

As Bloomberg reports, the $100 billion milestone makes Bezos, 53, the first billionaire to build a 12-figure net worth since 1999, when Microsoft Corp. co-founder Bill Gates hit the mark.

Bezos’s fortune rose $32.6 billion this year through Thursday, the largest increase of anyone on the Bloomberg Billionaires Index, a daily ranking of the world’s 500 richest people.

And then there's this...

However not everything is great for Bezos. Workers at a half dozen Amazon distribution centers in Germany and one in Italy walked off the job Friday, in a protest timed to coincide with “Black Friday” to demand better wages from the American online giant.

In Germany, Ver.di union spokesman Thomas Voss said some 2,500 workers were on strike at Amazon facilities in Bad Hersfeld, Leipzig, Rheinberg, Werne, Graben and Koblenz. In a warehouse near Piacenza, in northern Italy, some workers walked off the job to demand dignified salaries.

The German union has been leading a push since 2013 for higher pay for some 12,000 workers in Germany, arguing Amazon employees receive much lower wages than others in retail and mail-order jobs. Amazon says its distribution warehouses in Germany are logistics centers and employees earn relatively high wages for that industry.

The strikes in Germany are expected to end Saturday.

 



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