Nearly 70 investors representing more than US$ 2 Trillion in combined assets under management and advice, including Storebrand, Achmea, Office of the Illinois State Treasurers, and NEI investments among others, have expressed serious concerns over Amazon’s decision to close all seven of its warehouses in Quebec amid active unionization and collective bargaining efforts.

In a letter addressed to Amazon’s leadership, the investors highlight that the abrupt closure of Amazon’s Quebec operations—impacting nearly 5,000 workers, raises significant legal, reputational, and operational risks for the company and its shareholders. The move follows a series of labour-related controversies, including a fine from Quebec’s Labour Tribunal for union interference and the dismissal of Amazon’s constitutional challenge against Quebec’s labour laws.

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The investors argue that Amazon’s actions appear to undermine employees’ rights to freedom of association and collective bargaining, as protected under international labour standards. “We consider these fundamental rights that all companies have an obligation to respect,” the letter states. “Failing to do so can expose shareholders to material risks, including regulatory scrutiny, legal challenges, and reputational damage.

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