Fed revives 2008-era program to unfreeze critical market
Amazon has seen a major surge in online shopping as people stock up during the coronavirus outbreak. The company said Monday it is adding 100,000 additional fulfillment center and distribution center positions to accommodate the demand.
The company is prioritizing shipments of essential goods, such as “medical supplies” and “household supplies,” Amazon senior vice president Jay Carney told CNN’s Poppy Harlow Tuesday.
Carney said Amazon is treating the situation like a “seasonal surge” in demand, and the new positions will be treated like seasonal workers. That means “there’s no guarantee” that the jobs will remain when the demand abates, though “many of them” will, he said.
Additionally, Amazon said Monday it is raising pay for distribution and warehouse workers to better compensate them amid the rush. It is raising base …continued .
[Original Source: CNN]