Sport Investors League
  • Politics
  • Stocks
  • Investing
  • Business

Sport Investors League

  • Politics
  • Stocks
  • Investing
  • Business
Business

Starbucks barista strike expands as workers demand pay raises

by admin December 27, 2024
December 27, 2024
Starbucks barista strike expands as workers demand pay raises

A Starbucks barista strike is expanding to 5,000 workers at what organizers said was more than 300 stores in 45 states, just as the company’s busy holiday stretch begins.

Though it still represents only about 3% of all U.S. Starbucks locations, it’s an expansion of an action that began last week in three cities.

Organized by the Service Employees International Union and Starbucks Workers United, the strike aims to draw attention to allegations of unfair labor practices and stalled negotiations over a contract that would cover thousands of workers. The workers are seeking an immediate increase in Starbucks’ minimum hourly wage by as much as 64% and over 77% over the life of a three-year contract.

“After all Starbucks has said about how they value partners throughout the system, we refuse to accept zero immediate investment in baristas’ wages and no resolution of the hundreds of outstanding unfair labor practices,’ Lynne Fox, president of the Workers Union, said in a statement. ‘Baristas know their value, and they’re not going to accept a proposal that doesn’t treat them as true partners.”

Starbucks said only around 170 Starbucks stores did not open as planned. It said 98% of its over 10,000 company-operated stores and nearly 200,000 employees continued to work as normal.

In a memo to employees posted by the company, a Starbucks executive called the union’s demands ‘not sustainable’ and touted the overall benefits package workers can receive, noting employees who work at least 20 hours a week get $30 an hour, on average, in combined pay and benefits.

‘The union chose to walk away from bargaining last week,’ said Sara Kelly, a Starbucks executive vice president. ‘We are ready to continue negotiations when the union comes back to the bargaining table.’ 

Starbucks enjoyed a surge in investor sentiment after it poached Chipotle CEO Brian Niccol to be lead it in August, though its share price has declined in recent weeks alongside the broader market pullback.

Niccol has pledged to negotiate with the union in good faith, though his previous tenure at the burrito chain was marked by at least two settlements with workers demanded by the National Labor Relations Board.

This post appeared first on NBC NEWS

0
FacebookTwitterGoogle +Pinterest
previous post
Digital health companies pummeled by Wall Street in 2024 as industry adapts to post-Covid slowdown
next post
What is the January Effect? (Updated 2024)

Related Posts

Tesla stock sinks as Musk and Trump ridicule...

June 9, 2025

McDonald’s $5 value meal is coming in June...

May 17, 2024

Target calls price hikes a ‘very last resort’...

May 22, 2025

U.S. lawmakers move to ban China’s DeepSeek from...

February 7, 2025

JPMorgan marks 1,000th branch opening since 2018 expansion...

August 2, 2025

Convenience stores are eating fast-food chains’ breakfast

September 16, 2025

Warren Buffett gives away another $5.3 billion, says...

June 29, 2024

FTX exec who turned on Sam Bankman-Fried sentenced...

May 30, 2024

Klarna, nearing IPO, plucks lucrative Walmart fintech partnership...

March 19, 2025

Peloton announces Ford exec, founder of Apple Fitness+...

November 2, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent

    • JD Vance turns Turning Point speech into midterm battle cry — and a preview of 2028

      December 23, 2025
    • Turning Point poll reveals conservatives ‘all in’ for JD Vance 2028 presidential run

      December 23, 2025
    • Clinton camp demands DOJ drop remaining Epstein files, accuses Trump admin of ‘protection’

      December 23, 2025
    • Anti-Trump ex-husband of president’s 2016 campaign manager launches congressional bid as Democrat

      December 23, 2025
    • DAVID MARCUS: What JD Vance told me about 2028, Rubio and the future of MAGA

      December 23, 2025

    Categories

    • Business (1,144)
    • Investing (3,751)
    • Politics (4,550)
    • Stocks (1,155)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sportinvestorsleague.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 sportinvestorsleague.com | All Rights Reserved