
Why Recessions Forge Great CEOs Who Think Beyond Cost-Cutting
But the CEOs who make history in downturns aren’t the ones with the deepest cuts
May 12, 2023: A top Amazon executive stated that the group is not looking for an international unionization spiral because the e-commerce firm has competitive pay and benefits.
The comments state amid high-profile efforts in the U.S. and U.K. from Amazon warehouse employees to form unions.
Stefano Perego, vice president of customer to fulfil and global ops services for North America and Europe at Amazon, stated that the company’s pay and profits are attractive.
“As long as offering competitive pay invaluable benefits, we don’t think that our people will opt to be represented, but this is their choice,” Perego said in an interview on Tuesday.
There is a rising push for unionization from Amazon workers.
Workers at an Amazon site in Coventry, a city in the U.K., staged the initial industrial action in January. The employees have demanded legal union recognition, allowing them to bargain with Amazon over wages collectively. The workers are unsatisfied with their wage increases, which they say need more.
And last year, a group of workers in New York’s Staten Island was the first to vote in favour of unionizing at a U.S. facility run by Amazon. Amazon is resisting unionization efforts in the U.S.
So far, unions’ efforts have failed to galvanize a wave of unionization globally as many had hoped.
Perego stated that Amazon is not worried about the rise of unions.
“No, I’m not concerned because, again, it is a choice our people have to make, and we know that we are competitive,” Perego stated.
But the CEOs who make history in downturns aren’t the ones with the deepest cuts
Companies invest millions in leadership development, yet many of their best executives leave within a few years. Why?
The most successful business leaders don’t just identify gaps in the market; they anticipate future needs before anyone else.
With technological advancements, shifting consumer expectations, and global interconnectedness, the role of business leaders
The leadership landscape is profoundly changing, influenced by technological advancements, shifting workforce expectations, and the need for adaptability in an unpredictable global environment.
In the fast-paced business world, corporate leaders often find themselves at the crossroads of risk and reward, where bold decisions …
But the CEOs who make history in downturns aren’t the ones with the deepest cuts
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