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Amazon.com, Inc. (NASDAQ:AMZN) Closes Over 3,900 Seller Accounts In The US For Violating Fair Pricing Policies

Amazon.com, Inc. (NASDAQ:AMZN) has closed over 3,900 seller accounts in the US for violating its fair pricing policies. According to a blog post, the e-commerce giant said it has removed over a million items from the store because some sellers resorted to price gouging.

Stringent action on sellers for price gouging

Amazon said it is taking stringent action against those engaged in price gouging because of coronavirus pandemic. The company is working with law enforcement agencies to make such misbehaving sellers accountable.

Prices hiked by 50%

According to the report released by the US Public Interest Research Group on March 11, 2020, one in six of the products sold on Amazon have seen a price increase of over 50% when compared to the 90-day average period. Amazon has contacted the respective attorney generals in every state to make the bad sellers accountable.

Amazon said it strictly prohibits the sellers from using its platform in exploiting the emergencies created by the COVID-19 pandemic. It regularly communicates its pricing policies to the sellers. However, the company did not mention its pricing changes.

Amazon doubles pay to warehouse workers

Amazon on Saturday announced doubling the overtime pay to its warehouse workers in the US amid a rush of online orders. The company will pay double the wages instead of 1.5 times for hourly workers, who work for more than 40 hours between March 15 and May 9, 2020. Amazon has recently announced the pay hike to its hourly hours to $17 from $15 less than a week. It also announced plans to hire 100,000 delivery and warehouse workers in the US because several people maintain social distance and stay at home. In an online announcement, Jeff Bezos, Chief Executive Officer of Amazon said the company now focuses on COVID-19 pandemic and how it can respond quickly to the needy.

Jeff said the company placed orders for millions of face masks for its staff. They are in short supply because of high demand from hospitals. The company will ensure the supply of masks to its employees when it receives them immediately. It will also supply the facemasks to its partners, who work to ensure essential products to the people.

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