Amazon to invest an extra €10 billion in Germany

Tech giant Amazon announced a plan to invest a further €10 billion in Germany on Wednesday. The company said €8.8 billion will be used to expand the facilities of its cloud computing subsidiary, Amazon Web Services, around Frankfurt.

The rest of the funds will go towards logistics, robotics and two new corporate offices. Amazon said its German workforce is set to grow to 40,000 permanent staff by the end of the year, up from around 36,000 employees in 2023.