Will Starbucks’ (NASDAQ:SBUX) Union Struggle Weigh on its Performance?
18 November 2022 - 08:24PM
TipRanks
Employees at over 100 Starbucks’ (NASDAQ:SBUX) company-owned
locations in the U.S. went on a strike on Thursday to protest
against the company’s alleged anti-union approach and refusal to
negotiate in good faith. Employees have been demanding higher
wages, better staffing levels, and other benefits. Persistent labor
issues and disputes with the workers' union could impact Starbucks’
performance at a time when macro challenges are already putting
pressure. Starbucks' Union Woes The strike on Thursday
coincided with Starbucks’ “Red Cup Day,” one of the biggest sales
days for the company, where it gives reusable red cups with its
logo to mark the holiday season.
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