Amazon’s $5.5 billion kitchen appliance manufacturing plant will employ more than 200,000 people, according to a new report.
The Washington Post’s David Weigel and the Associated Press reported that Amazon will create 500,000 jobs over the next three years, and that the factory will employ nearly 300,000 workers.
The company also said it would invest $10 billion in its manufacturing operations over the coming decade.
Weigel wrote that “Amazon is taking on more jobs in the U.S. than McDonald’s or McDonald’s franchisees,” and that Walmart is the biggest employer in the country.
According to a report from the Bureau of Labor Statistics, the largest U.K. supermarket chain, employs nearly 4.5 million people.
Walmart has a similar workforce of more than 5 million.
The Associated Press has reported that Walmart employs nearly 20,000 in the United States.
The news comes as the companies’ CEOs have taken to Twitter to express their dismay with the new labor rules.
Amazon CEO Jeff Bezos tweeted that he’s “deeply disappointed in this new labor policy that eliminates millions of good-paying jobs.”
Walmart CEO Doug McMillon said the company is “concerned” and that it is “disappointed” by the new policy.
Walmart announced that it was ending the current policy that eliminated the company’s franchisee-driven model and the requirement for its franchisees to pay a minimum wage of $9.75 per hour, but McMillon and Bezos both said they were “very concerned” by this decision.
McMillon, who has been the CEO of Walmart since 2011, said that the company will continue to offer its full-time franchisees the full benefits of the company, including benefits like health care and paid sick days.
“This policy will result in millions of American jobs being lost,” McMillon wrote.
“It will also impact our ability to grow our business, as our franchisees will no longer be able to offer the same benefits as Walmart associates.
It is disappointing that the new rules will hurt our ability as an employer and hurt our employees.”
McMillan and Bezos said the changes would make it easier for Walmart to recruit and retain qualified associates, and said the policy would not affect Walmart’s commitment to hiring qualified people.
McMillon, who previously ran a successful software company, said the new system will be in place by December 2019, and he expects the company to hire nearly 1 million new full- and part-time associates by 2020.
Amazon, which announced the plan in January, also said the expansion of the factory would be funded through the company using proceeds from its new share price.