Advertisement
New Zealand markets close in 14 minutes
  • NZX 50

    11,811.78
    -134.65 (-1.13%)
     
  • NZD/USD

    0.5957
    +0.0007 (+0.12%)
     
  • NZD/EUR

    0.5554
    +0.0013 (+0.24%)
     
  • ALL ORDS

    7,850.30
    -87.20 (-1.10%)
     
  • ASX 200

    7,588.70
    -94.30 (-1.23%)
     
  • OIL

    83.87
    +0.30 (+0.36%)
     
  • GOLD

    2,347.50
    +5.00 (+0.21%)
     
  • NASDAQ

    17,430.50
    -96.30 (-0.55%)
     
  • FTSE

    8,078.86
    +38.48 (+0.48%)
     
  • Dow Jones

    38,085.80
    -375.12 (-0.98%)
     
  • DAX

    17,917.28
    -171.42 (-0.95%)
     
  • Hang Seng

    17,626.75
    +342.21 (+1.98%)
     
  • NIKKEI 225

    37,979.77
    +351.29 (+0.93%)
     
  • NZD/JPY

    92.9860
    +0.4900 (+0.53%)
     

Amazon Edits Wage Hike Plan

Amazon Edits Wage Hike Plan

Amazon (AMZN) has revised its pay plan a bit to enhance compensation for long-time workers after controversy resulted from its initial wage hike announcement. Under the revised pay plan, the hourly wage for employees who already earn $15 an hour is going up by $1.25 an hour. Amazon’s enhanced pay plan for hourly workers, which is scheduled to take effect on November 1, has eliminated bonuses and stock awards.