FT News Briefing Amazon on course to defeat union effort, Goldman’s Deliveroo move
Apr 9, 2021
Amazon is on track to defeat a historic unionization attempt in Alabama, sparking discussions about worker rights and corporate resistance. The Biden administration's global corporate tax plan is also under scrutiny as companies navigate its implications. Meanwhile, Goldman Sachs made a £75 million investment in Deliveroo to stabilize its IPO after a rocky start, revealing investor concerns about labor practices and market valuations. These events highlight the ongoing tensions between corporate strategies and worker welfare.
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Amazon Union Vote
- Amazon likely defeated the unionization effort at its Bessemer, Alabama, facility.
- The union's severe loss may be due to Amazon's extensive anti-union campaign.
Union Appeal
- The union plans to appeal the vote, citing Amazon's potentially illegal tactics.
- They claim a mailbox placed in the parking lot intimidated workers, influencing their votes.
Biden's Tax Plan
- The Biden administration proposed a new global corporate tax plan through the OECD.
- The plan suggests taxing multinationals based on sales in each country, impacting low-tax nations like Ireland.