Thursday, January 12, 2017

Amazon, a Perennial Trump Target, Promises to Create 100000 U.S. Jobs – TheStreet.com

With Donald Trump’s inauguration eight days away, Amazon.com (AMZN) , a frequent target of the president-elect, unveiled plans to create 100,000 new U.S. jobs over the next eighteen months.

Amazon said in a statement Thursday morning that the new “full-time, full-benefit” positions “are for people all across the country and with all types of experience, education and skill levels-from engineers and software developers to those seeking entry-level positions and on-the-job training.” “Many” are at fulfillment centers under construction in states including Texas, California, Florida and New Jersey.

Separately, Amazon said its businesses like its Amazon Flex parcel delivery service and Marketplace e-commerce platform “will continue to create hundreds of thousands of jobs for people across the U.S. who want the flexibility to start their own business, work part-time or set their own schedule.”

Amazon cited several state-specific examples, including plans to add 1,000 full-time jobs to a new Houston fulfillment center; more than 4,000 new jobs to California cities including Sacramento and Tracy; more than 7,000 new full-time jobs at Illinois fulfillment centers under construction in Monee, Aurora and Waukegan; more than 1,000 new jobs in Kentucky; and more than 2,500 new jobs at new fulfillment centers in New Jersey.

Amazon also reiterated its 2016 pledge to hire and train 25,000 military veterans and spouses over the next five years, as well as training 10,000 non-employee active duty service members, veterans and spouses in cloud computing through its AWS Educate program.

Amazon’s move comes as Trump has taken credit for a variety of companies’ decision to add more jobs in the U.S., including Alibaba (BABA) , United Technologies (UTX) and Sprint (S) . (In some cases, such as Sprint’s, the job plans were underway before the election.) Amazon, however, aroused Trump’s ire during the campaign. The President-elect alleged, without evidence, that Bezos’ 2013 decision to buy The Washington Post newspaper for $ 250 million was an attempt to avoid paying taxes.

“The @WashingtonPost, which loses a fortune, is owned by@JeffBezos for purposes of keeping taxes down at his no profit company, @Amazon,” Trump tweeted in December 2015. “If @amazon ever had to pay fair taxes, its stock would crash and it would crumble like a paper bag. The @washingtonpost scam is saving it!”

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