April 24, 2020 / 5:41 PM / a month ago

BRIEF-Amazon extends $2 hourly pay raise through May 16, costs to be nearly $700 million

April 24 (Reuters) - Amazon.com Inc:

* AMAZON.COM INC EXTENDS $2 PER HOUR WAGE INCREASE AND U.S.-AND-CANADA DOUBLE OVERTIME PAY THROUGH MAY 16 -STATEMENT

* AMAZON SAYS THESE EXTENSIONS BRING ITS SPENDING ON EXTRA PAY TO NEARLY $700 MILLION

* AMAZON SAYS IT IS EXTENDING DURATION OF UNLIMITED UNPAID TIME OFF POLICY FOR HIGH-RISK INDIVIDUALS AND THOSE DEALING WITH SCHOOL CLOSURES Source text for Eikon: Further company coverage: (Reporting By Jeffrey Dastin)

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