This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Amazon to Hire 70,000 Seasonal Workers

NEW YORK ( TheStreet) -- Amazon (AMZN - Get Report) is hiring an extra 70,000 workers in its U.S. fulfillment centers to help handle what it hopes will be the upcoming holiday shopping crush. The online retailer announced it is creating 40% more full-time seasonal jobs this year than it did one year ago.

Amazon stock is advancing 1.43% to $317.10 at 11:11 am in New York.

Amazon is facing increased online shopping competition from Walmart (WMT - Get Report) and eBay (EBAY - Get Report) is currently expanding the number of its regional warehouse across the country. The plan is to speed deliveries for all items and to possibly roll-out a rumored nationwide grocery delivery service.

Amazon says last year it was able to convert more than seven thousand seasonal workers into regular full-time roles after the holidays and "expects to do the same" this year as well.

On average, seasonal workers earn 94 percent of full-time fulfillment center employees starting salaries and are eligible for health care benefits. Full-timers can also take part in 401(k), stock and continuing education programs.

This morning Walmart announced it is expanding its fulfillment center network for online orders. The company is building two new warehouses. The 800,000 square foot Fort Worth, Texas operation opened last month and employs 275. The Bethlehem, Pa. center will be "more than one million square feet" and employ more than 350 full-time "associates" when it opens in the first quarter of 2014.

Walmart currently operates more than 4,000 retail stores located within five miles of two-thirds of the U.S. population as well as 130 distribution centers.

--Written by Gary Krakow in New York.

>>To submit a news tip, send an email to tips@thestreet.com.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
AMZN $530.45 -0.18%
EBAY $28.06 0.21%
WMT $72.20 1.10%
AAPL $123.48 0.58%
FB $94.89 0.76%

Markets

Chart of I:DJI
DOW 17,573.58 +132.99 0.76%
S&P 500 2,084.55 +16.91 0.82%
NASDAQ 5,067.3410 +27.5650 0.55%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs