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Bernie Sanders responds to Amazon Sleshing Stock, incentive bonuses for hourly workers



Sen. Bernie Sanders (I-VT) urged Amazon on Thursday to ensure that all its hourly workers receive a rebate in compensation after the company criticizes criticism for reducing stock options and incentive-based pay while raising its minimum wage to $ 15 Hour.

"We expect the vast majority of Amazon workers to see wage increases, including some very significant increases, as the minimum wage rises to $ 15 an hour," Sanders said in a statement to FOX Business. "I hope that due to Amazon's new policy, no worker, especially long-term workers, will see a reduction in total compensation, and Amazon can afford to make all employees one and the same."

Sanders praised that E-commerce giant earlier this week after Jeff Bezos raised the minimum wage for some 350,000 employees to $ 1

5 including seasonal workers. The company has also slightly increased the pay for hourly workers, who are already earning $ 15 an hour.

But an Amazon spokesperson confirmed to FOX Business on Wednesday that the company is phasing out restricted stock units (RSUs) as a form of compensation for service and warehouse employees at a time when Amazon equities are approaching $ 2,000. The company also terminates monthly bonus payments to warehouse workers who are tied to the production facility goals.

The minimum wage increase "overcompensates" employees for the abolition of incentive compensation and incentive pay, the company said.

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"We can confirm that all Hourly staff in Operations and Customer Service will see an increase in their total compensation as a result of this announcement," the statement added. "In addition, because it is no longer incentive-based, the compensation will be more immediate and predictable."

In recent months, Sanders has repeatedly called Amazon because he has not paid any workers a living wage – a charge the booming brand has long denied. The senator submitted a bill to the Senate last month demanding that big employers pay taxes equivalent to the cost of government assistance programs their workers use to meet.


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