FT News Briefing Amazon during Covid-19, Rana on corporate interests
Mar 31, 2020
The podcast explores Amazon's critical role as an essential service during the COVID-19 pandemic, highlighting the balance between fulfilling consumer needs and ensuring employee safety. It examines the evolving public perception of the company amid health challenges and worker protests. Additionally, the discussion touches on how insurers are tightening coverage terms related to the pandemic. Lastly, it reflects on the long-term effects of U.S. policies favoring private interests and introduces cooperative models as potential solutions for improving labor relations.
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Amazon as the "New Red Cross"
- Consumers are turning to online shopping, particularly Amazon, due to COVID-19 lockdowns.
- One person described Amazon as "the new Red Cross in America," highlighting its essential role.
Worker Safety Concerns
- Amazon's challenge is to maintain its workforce's health and safety.
- There are conflicting reports on Amazon's success in this area, with some workers reporting insufficient safety measures.
Retail Layoffs
- Brick-and-mortar retailers are struggling due to pandemic shutdowns, leading to layoffs.
- Many businesses in hospitality and entertainment have also furloughed staff.