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Amazon Warehouse Workers Lose Bonuses, Stock Awards for Raises

  • Some long-time workers say the changes make their raises less
  • Amazon says all workers will see overall compensation increase
Bloomberg business news
Shira Ovide, a Bloomberg Opinion columnist, discusses Amazon raising its hourly minimum wage.Markets: What’d You Miss?" Ovide’s opinions are her own. (Source: Bloomberg)
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Amazon.com Inc. is eliminating monthly bonuses and stock awards for warehouse workers and other hourly employees after the company pledged this week to raise pay to at least $15 an hour.

Warehouse workers for the e-commerce giant in the U.S. were eligible in the past for monthly bonuses that could total hundreds of dollars per month as well as stock awards, said two people familiar with Amazon’s pay policies. The company informed those employees Wednesday that it’s eliminating both of those compensation categories to help pay for the raises, the people said.