Amazon’s ruthless business model meets Sweden’s labor unions

  • 📰 politico
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 59%

Business News News

Business Business Latest News,Business Business Headlines

It's Sweden's storied worker protections and climate-conscious citizens welcoming Amazon's ruthless drive for low prices. What could go wrong?

The Swedish labor market is regulated by collective agreements between companies and unions, giving workers plenty of power over corporate decisions. Approximately 70 percent of Swedish workers belong to a union.

“Amazon is welcome to Sweden, but they have to sign a collective agreement. We will work very hard to get them to do that,” Wärn said. But Uniqlo is not Amazon, and Handels' confidence might be misplaced, according to Markus Varsikko, a retail consultant at Dash Retail, which helps businesses use Amazon's marketplace.

The foray into the Swedish market by another e-commerce company, Wish, may serve as a cautionary tale. The American online marketplace, which mostly sells cheap items from China, tried and failed to take over the market a few years ago. The company first wooed consumers with dirt-cheap products such as electronics and clothes, only for Swedes to be disappointed by the quality of the products and frustrated by not being able to return products to sellers.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

They are welcome but we have very strong labor legislation and they have to follow that. No way around it no matter what they think and how it's done in U.S.A.

Why is Amazon HQ still in anti-business States like Washington and New York with high taxes and anti-business. They should move to south-west or mid-west US states. Staying in unstable and unsustainable locations seems fool hardy.

Go Sweden!🇸🇪 Union strong💪

Maybe the US could learn something from Sweden? (which is NOT Socialist btw).

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 381. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

How to start an online business on Amazon, eBay, Etsy, Depop, Poshmark - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

TikTok launched a TV app for Amazon Fire TV - Business Insider - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »