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Amazon.com CDR (CAD Hedged)
Symbol AMZN
Shares Issued 48,950,000
Close 2026-06-02 C$ 29.59
Market Cap C$ 1,448,430,500
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Globe sees Amazon cling to its "sweatshop" reputation

2026-06-03 07:41 ET - In the News

The Globe and Mail reports in its Wednesday edition that Amazon withheld its wage proposal while negotiating a new collective agreement for hundreds of warehouse workers in Greater Vancouver, causing a breakdown in bargaining between the company and the union representing those workers. The Globe's Vanmala Subramaniam writes that in a report submitted to the B.C. Labour Relations Board on Monday, the mediator involved in helping negotiate a first contract between Unifor Local 114 and Amazon said that the tech giant's approach to bargaining was effectively unreasonable. As such, the mediator found, it hindered achieving a new collective agreement for 800-odd workers at an Amazon warehouse in Delta, B.C. Unifor successfully unionized workers at the Amazon warehouse -- YVR2 -- in July, 2025, and the union alleged that Amazon had essentially "slow walked" the negotiating process. Amazon tabled its wage proposal in April, 2026. Despite multiple successful unionization attempts of Amazon workplaces in North America, such as in Staten Island, N.Y., and Laval, Que., no union has ever managed to sign a collective agreement with Amazon. In January, 2025, Amazon shuttered all its facilities in Quebec, eliminating 2,000 jobs.

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