Starbucks workers plan strikes that could spread to hundreds of US stores by Christmas Eve [Yahoo! Finance Canada]
Starbucks Corporation (SBUX)
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Source: Yahoo! Finance Canada
The strikes are scheduled to begin in Los Angeles, Chicago and Seattle and could spread to hundreds of stores across the country by Christmas Eve. Starbucks Workers United, the union that has organized workers at 535 company-owned U.S. stores since 2021, said Starbucks has failed to honor a commitment made in February to reach a labor agreement this year. The union also wants the company to resolve outstanding legal issues, including hundreds of unfair labor practice charges that workers have filed with the National Labor Relations Board. The union noted that Starbucks' new Chairman and CEO Brian Niccol , who started in September, could make more than $100 million in his first year on the job. But the company recently proposed an economic package with no new wage increases for unionized baristas now and a 1.5% increase in future years, the union said. “Union baristas know their value, and they're not going to accept a proposal that doesn't treat them as true partners," said Lyn
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News
- Where are Amazon and Starbucks employees striking? Here's what to know Money [USA TODAY]USA TODAY
- Amazon and Starbucks workers are on strike. Trump might have something to do with it [Yahoo! Finance Canada]Yahoo! Finance Canada
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SBUX
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- 10/30/24 - In-Line
SBUX
Sec Filings
- 12/3/24 - Form 4
- 11/29/24 - Form 144
- 11/25/24 - Form 144
- SBUX's page on the SEC website