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Stock impact report

Amazon to temporarily close Homestead facility, convert it into fulfillment center as workers face transfers [CBS News]

Amazon.com, Inc. (AMZN) 
Last amazon.com, inc. earnings: 4/30 04:01 pm Check Earnings Report
Company Research Source: CBS News
The move affects about 1,000 employees who currently work at the facility, though Amazon says all workers will have the option to transfer to other locations during the transition and return once renovations are complete. The company said the conversion will allow the site to handle the entire order process, from receiving and storing products to packing and shipping them directly to customers, rather than functioning solely as a shipping center. Amazon to convert Homestead site into full fulfillment center "We're always evaluating our network to make sure it fits our business needs and to improve the experience for our employees, customers, partners, and drivers," Amazon spokesperson Amber Plunkett said. "As part of that effort, we occasionally convert existing facilities to a new type of facility, which is what we plan to do here later this year." Plunkett said the revamped facility is expected to reopen in mid-to-late 2028 and will continue employing approximately 1,000 pe Show less Read more
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