Starbucks Stock (NASDAQ:SBUX) in Focus as Union Pressures Peak
25 Agosto 2022 - 09:18AM
TipRanks
American coffee chain Starbucks Corp. (SBUX) is facing severe
problems related to unionization across the nation. As per a
National Labor Relations Board (NLRB) complaint, Starbucks
illegally withheld wages and benefits from union workers. The NLRB
aims to recover the same for the union workers since May. The
report also demands that CEO Howard Schultz reiterate the union
rights of workers. NLRB has also asked Starbucks to produce old
payroll records and details to calculate how much the coffee house
owed to workers. Why Starbucks is being Stringent with
Workers? Since 2021, more than 230 locations of the coffee chain
have voted to join the Starbucks Workers United union.
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