NEW YORK (TheStreet) -- Amazon.com (AMZN) shares are down 2.02% to $306.32 on Monday after workers at one of the e-commerce retail giant's German warehouses went on strike Monday as a long standing feud with the employees' labor union came to a head today.
About 500 workers at the company's distribution center in Bad Hersfeld joined a strike due to what they said was added pressures from Amazon's holiday season offers that increased order volumes.
The labor union Verdi said that it would continue organizing strikes as long as Amazon refuses to increase workers compensation at its distribution centers in Germany, the company's second largest market behind the U.S. Amazon, which employs almost 10,000 people at its nine distribution centers in the country, responded by noting that the vast majority of its workers had not walked off the job.
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TheStreet Ratings team rates AMAZON.COM INC as a Sell with a ratings score of D+. TheStreet Ratings Team has this to say about their recommendation:
"We rate AMAZON.COM INC (AMZN) a SELL. This is driven by a number of negative factors, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, generally disappointing historical performance in the stock itself, poor profit margins and feeble growth in its earnings per share."