Amazon reportedly suspends construction of new warehouses in Spain until 2024
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Amazon (NASDAQ:AMZN) has reportedly suspended the development of new warehouses in Spain until 2024 amid a slow down in pandemic-driven online shopping.
Citing unidentified company sources, Spanish news website El Confidencial said on Monday that the Amazon (AMZN) told its providers and partners to "wait and see" as pandemic-driven online shopping has slowed down.

In an emailed statement to Reuters, the U.S. e-commerce giant told: "Our commitment to Spain remains, adding that, in 2022, the company has new logistics stations, Amazon Fresh hubs and a logistics centre in Spain."
In June, Amazon (AMZN) had announced plans to generate 2,000 new jobs in Spain in 2022, taking its total payroll in the country to 20,000.
AMZN shares are down 1.05% pre-market