Labor activists suffered a setback on Tuesday as Amazon’s (NASDAQ: AMZN) workers at its company facility near Albany in upstate New York voted against unionizing, according to a Wall Street Journal report.
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The report cited the National Labor Relations Board which said that around 66% of employees who cast valid ballots at the company facility rejected the Amazon Labor Union.
An Amazon spokeswoman told the Wall Street Journal that Amazon is happy that workers decided to keep a “direct relationship with Amazon” and added, “We will continue to work directly with our teammates in Albany, as we do everywhere.”
The decision to reject the Union vote comes after labor activists won a landmark vote earlier this year to unionize at an Amazon warehouse in Staten Island, N.Y.
Is Amazon a Buy or Sell?
Wall Street analysts are bullish about AMZN with a Strong Buy consensus rating based on 34 Buys and one Hold.
The average price target of $171.65 for AMZN stock implies an upside potential of 47.5% at current levels.
