Equities Tech

Amazon shares news: Creates 1,000 new ‘highly skilled’ UK-based jobs

Amazon shares closed lower in the US Thursday, amid news the tech giant is planning to add 1,000 new jobs across the UK. The roles will be ‘highly skilled’ and spread across three locations: Manchester, Edinburgh and Cambridge.

Amazon shares ended the US Thursday trading session 3.33% lower at $1,770.72. However, the stock is trading a little higher.

Amazon’s UK investment

Amazon on Thursday announced plans to increase its UK staffing levels by some 1,000 new roles. It will open a new corporate office in Manchester’s Hanover Building, which will be home to ‘at least’ 600 new jobs.

An additional 250 jobs are also planned for its Edinburgh office. Meanwhile, 180 new jobs at its Cambridge development centre, relating to Alexa and Amazon Web Services, will be created by the tech giant.

The new jobs are set to be highly skilled, many relating to research and development, Jeff Bezos’ business said in a press release.

“With the UK taking a leading role in our global innovation, we are delighted to announce plans to create capacity for over 1,000 new highly-skilled roles across the country,” said Doug Gurr, UK Country Manager for Amazon. “These are Silicon Valley jobs in Britain, and further cement our long-term commitment to the UK.”

Support for UK economy

The news that Amazon is willing to further extend its investment in British-based talent, comes at a crucial time for the UK economy. Brexit talks have stalled and the Prime Minister has even mentioned extending the transition period.

And, while many firms have put a halt on investment in UK-based staff and offices, while the outcome of Brexit is unknown, Amazon has once again shown its confidence in the country’s technical skill.

“It is great global tech giant Amazon has chosen Manchester, a vital part of the Northern Powerhouse, to open their new office and are creating hundreds of high-skilled jobs up and down the country,” said the UK’s digital, culture, media and sport secretary, Jeremy Wright.

“Our booming digital sector is one of the fastest-growing industries in the UK and this is a vote of confidence in our world-leading skills in tech innovation,” Wright added.

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