07:53:24 EDT Tue 01 Jul 2025
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Amazon.com CDRs (CAD Hedged)
Symbol AMZN
Shares Issued 27,200,000
Close 2025-02-04 C$ 28.76
Market Cap C$ 782,272,000
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FP/wire say Amazon faces union lawsuit over closures

2025-02-05 09:26 ET - In the News

The Financial Post reports in its Wednesday edition that Amazon's decision to close all seven of its warehouses in Quebec and terminate more than 1,900 workers is prompting legal action from the affected union. A Bloomberg dispatch to the Post says the Federation of National Trade Unions will petition a court to annul the layoffs and order the reopening of the warehouses. It will also ask for payment of compensation and damages, the union said Tuesday. Amazon will cut ties with more than 2,600 others who work with delivery partners, according to Quebec's employment ministry. The on-line retailer will use subcontractors, such as Montreal-based Intelcom Courrier Canada, instead. "What it calls its 'new business model' is just an attempt to circumvent its obligations under the Labour Code," Federation president Caroline Senneville said in a statement. Workers at an Amazon warehouse in Laval, Que., successfully unionized last May. The union was poised to sign a collective agreement as soon as this summer. She called Amazon "profoundly, essentially, anti-union." Amazon has only one other unionized work force in North America, in Staten Island, N.Y. It was certified in 2022 but still does not have a contract.

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