Get 40% Off
📈 Free Gift Friday: Instantly Copy Legendary Investors' PortfoliosCopy for Free

Amazon expects to extend France warehouse closures to May 18

Published 05/13/2020, 03:37 AM
Updated 05/13/2020, 04:20 AM
© Reuters. FILE PHOTO: Amazon logistics center in Lauwin-Planque

PARIS (Reuters) - Amazon (O:AMZN) plans to extend until May 18 the closure of its six French warehouses, which have been closed since April 16 after court rulings ordering the U.S. e-commerce giant to restrict deliveries during the coronavirus pandemic.

Amazon said on Wednesday it was continuing to consult with staff representatives and was also reviewing their request to include an independent expert in the process.

"Our fulfilment centres are safe. However, the potential penalty outlined by the Versailles Court of Appeal means that even a rate of 0.1% of handling or shipping items that are not included in the judgement could lead to a fine of more than a billion euros per week," Amazon said in a statement.

"Unfortunately, this means we have no option but to keep our fulfilment centres in France temporarily closed. We therefore anticipate a further extension of the temporary closure until May 18," it added.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.