Starbucks Workers In U.S. Hold Three-Day Strike - InvestingChannel

Starbucks Workers In U.S. Hold Three-Day Strike

Workers at 60 Starbucks (SBUX) locations in the U.S. held a three-day strike over the weekend to protest a breakdown in contract talks with the Seattle-based retail coffee chain.

Organizers said the strike involved more than 1,000 workers at 60 unionized store locations, making it the biggest work stoppage ever at Starbucks.

A total of 270 Starbucks stores have unionized over the past year. However, that is a fraction of the nearly 10,000 store locations owned by the coffee company.

The strike highlights rising tensions between management and unionized employees who have tried unsuccessfully to secure a collective bargaining agreement for more than a year.

In a written statement, Starbucks said most of the stores where employees were striking remained open and conducted business as usual.

The U.S. National Labor Relations Board has issued dozens of complaints against Starbucks, accusing the company of breaking the law to defeat the union drive, including by excluding unionized workers from benefits.

Starbucks’ stock is down 15% this year and trading at $98.83 U.S. per share.

Related posts

Advisors in Focus- January 6, 2021

Gavin Maguire

Advisors in Focus- February 15, 2021

Gavin Maguire

Advisors in Focus- February 22, 2021

Gavin Maguire

Advisors in Focus- February 28, 2021

Gavin Maguire

Advisors in Focus- March 18, 2021

Gavin Maguire

Advisors in Focus- March 21, 2021

Gavin Maguire