Connect with us

Asia

Scores of workers may lose jobs as Amazon shuts down business in India

Published

on

U.S. online retailer Amazon on Monday said that it would shut down its wholesale distribution business in India as it moved to focus more on its core retail business.

Amazon Distribution, its wholesale e-commerce website available to small neighbourhood stores in Bengaluru, Mysore and Hubli, was designed to help small stores, pharmacies and department stores in India to secure inventory from the firm.

“We don’t take these decisions lightly. We are discontinuing this program in a phased manner to take care of current customers and partners,” a company spokesperson said in a statement.

The exit will result in layoffs of hundreds of workers.

fg spw news today

Sheji Halima

NEWSVERGE, published by The Verge Communications is an online community of international news portal and social advocates dedicated to bringing you commentaries, features, news reports from a Nigerian-African perspective. A unique organization, founded in the spirit of Article 19 of the Universal Declaration of Human Rights, comprising of ordinary people with an overriding commitment to seeking the truth and publishing it without fear or favour. The Verge Communications is fully registered with the Corporate Affairs Commission of the Federal Republic of Nigeria as a corporate organization.

Shell Digital Plan RESPONSIVE600x750
Shell Digital Plan RESPONSIVE600x750
GTB
JoinOurWhatsAppChannel

Website Designed By DEBORIAN.COM, a Nigerian Web Designer and Web Developer -