Starbucks strike to expand to over 300 US stores on Christmas Eve, union says
Published On Dec 24, 2024, 3:08 AM
Starbucks workers are planning to expand their strike to over 300 U.S. locations, with more than 5,000 employees expected to walk off the job. The strike is driven by unresolved issues regarding wages, staffing, and work schedules, following stalled negotiations between Starbucks and the union. The action is considered one of the largest strikes in the company’s history. Starbucks has stated that most of its stores will remain operational and downplayed the impact of the strike.
Stock Forecasts
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The expanding strike may lead to potential disruptions in service and could affect customer sentiment during a key retail period. Investor concerns might rise regarding operational costs and potential impacts on revenue, particularly as the holiday season is critical for Starbucks.
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