Starbucks Workers Say They Will Begin a Strike in 3 Cities on Friday
Published On Dec 19, 2024, 11:30 PM
Starbucks workers in Los Angeles, Chicago, and Seattle plan to strike after failed contract negotiations regarding wage increases. The union representing the workers, Workers United, stated that the company's proposal did not include new wage hikes, only a minimal future increase guarantee. The strikes are expected to start at about 15 stores but could spread significantly by Christmas Eve if an agreement is not reached.
Stock Forecasts
SBUX
Negative
The planned strikes may disrupt operations at Starbucks during a critical holiday period, potentially leading to decreased sales and a negative impact on the stock price. If consumer sentiment is negatively impacted, it could further exacerbate selling pressure on the stock in the short term.
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