Amazon to bring 1,700 jobs to Italy in 2018

Online shopping king Amazon’s growth comes at a time when other big retailers are slashing jobs. (AFP)
Updated 09 July 2018
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Amazon to bring 1,700 jobs to Italy in 2018

MILAN: Amazon will bring 1,700 new jobs to Italy by the end of the year, the online commerce giant announced Monday, bringing its number of employees working in the country’s groaning economy to 5,200.
In a statement Amazon said that the new positions would be permanent hires and open to “people with all levels of experience, training and skills, from software developers and engineers to warehouse workers.”
Unemployment in Italy stands at nearly 11 percent, according to the latest figures from national statistics agency Istat.
That number spikes to nearly 20 percent for those aged between 15 and 34 and just under 32 percent for the 15-24 year age range.
Economic growth in Italy has lagged behind the rest of the eurozone in recent years.
This year the country is forecast to see 1.5 percent economic growth, compared to 2.3 percent for the bloc as a whole.
On Wednesday Amazon announced that it would be bringing 2,500 jobs to the United Kingdom, boosting its workforce there to 27,500 people.
Online shopping king Amazon’s growth comes at a time when other big retailers are slashing jobs.
British supermarket chain Marks & Spencer is set to close more than 100 stores in the UK by 2022.


Huawei revenue will be billions below forecast: founder

Updated 29 min 3 sec ago
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Huawei revenue will be billions below forecast: founder

  • Chinese telecom giant will reduce capacity but that US moves to restrict its business ‘will not stop us’

SHENZHEN, China: Huawei’s founder has likened his company to a badly damaged plane and says revenues will be $30 billion less than forecast over the next two years.
Ren Zhengfei said Monday that the Chinese telecom giant will reduce capacity but that US moves to restrict its business “will not stop us.”
The US has put Huawei on a blacklist, meaning that American companies that want to sell parts to Huawei will need approval from the US Commerce Department.