Amazon invests over $1 billion to raise employee pay, lower healthcare costs


FILE PHOTO: A man inspects trucks before they enter an Amazon storage facility on the outskirts of Mumbai, India, October 1, 2021. Picture taken October 1, 2021. REUTERS/Francis Mascarenhas/File Photo

(Reuters) - Amazon.com said on Wednesday it is investing more than $1 billion to raise pay and lower healthcare costs for U.S. fulfillment and transportation employees, pushing up the average total compensation to over $30 an hour including benefits.

The technology giant said the average pay would increase to more than $23 per hour, adding that full-time employees will see their pay increase by $1,600 per year, on average.

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