Some big worker strikes took place in the United States in 2024
Published On Dec 26, 2024, 6:00 AM
In recent months, significant labor strikes have occurred across various sectors in the U.S., including dockworkers, Boeing machinists, and Starbucks employees. The dockworkers' strike, involving 47,000 workers at 36 ports, threatened the supply chain and could have cost the U.S. economy up to $5 billion a day before it was suspended after two days due to a conditional wage agreement. Meanwhile, a strike at Boeing resulted in around $1 billion in monthly losses and led to layoffs after a new contract was accepted that offered a 38% wage increase over four years. Additionally, Starbucks employees are currently striking over wage disputes and working conditions, with the company defending its existing compensation packages.
Stock Forecasts
BA
Negative
The disruptions caused by labor strikes illustrate significant vulnerabilities in the supply chains of major companies. The labor actions at Boeing and the potential for ongoing strikes at ports could lead to stock price volatility as investors react to stress on production and delivery schedules. Though the strikes were temporarily resolved, unresolved labor tensions remain a risk for operational stability.
SBUX
Negative
For Starbucks, the ongoing strike signifies potential operational challenges that could affect sales in key markets. If labor disputes continue without resolution, it could deter customers and negatively impact financial performance. Current negotiations highlight the rising costs of labor, which may pressure margins.
Related News
Starbucks workers expand strike, closing nearly 60 stores in several US cities
Dec 24, 2024, 5:55 AM
Starbucks workers have expanded their strike to more cities and closed 59 stores across the U.S. as of Monday, the union said.
More Starbucks Store Workers Will Join Strike for Final Day
Dec 23, 2024, 11:13 PM
The walkout began Friday at stores in the Los Angeles, Seattle and Chicago areas and will end on Tuesday.
Starbucks strike to expand to over 300 US stores on Christmas Eve, union says
Dec 24, 2024, 3:08 AM
(Reuters) -A strike at Starbucks' U.S. stores will expand to over 300 stores on Tuesday, with more than 5,000 workers expected to walk off the job, before the five-day work stoppage ends later on Christmas Eve, the workers' union said. Starbucks Workers United, representing employees at 525 stores nationwide, said more than 60 U.S. stores across 12 major cities, including New York, Los Angeles, Boston and Seattle, were shut on Monday. Talks between Starbucks and the union had hit an impasse with unresolved issues over wages, staffing and schedules, leading to the strike.