More Starbucks Store Workers Will Join Strike for Final Day
Published On Dec 23, 2024, 11:13 PM
Baristas at over 300 Starbucks locations began a five-day strike, primarily affecting stores in major U.S. cities including Los Angeles, Seattle, and Chicago. The strike stems from unresolved labor practice charges and unsatisfactory wage negotiations, as union representatives argue that Starbucks has not addressed issues related to retaliatory firings and wage increases adequately. This strike coincides with one of Starbucks' busiest sales periods, potentially impacting sales significantly for the company.
Stock Forecasts
SBUX
Negative
The ongoing strike indicates increased operational disruptions for Starbucks, which could harm sales during this critical holiday season. If the strike causes significant business interruptions, it could negatively impact the company's stock performance in the short term.
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