Starbucks is set to resume union negotiations as it confronts issues at its stores
Publishing timestamp: 2024-05-28 12:20:12
Summary
Starbucks and Workers United will resume bargaining talks this week after successful two-day session last month. CEO Laxman Narasimhan admitted Starbucks was seeing more cautious consumers and mentioned the need to make improvements to stores. Workers United is pushing for better pay, benefits, staffing, and scheduling. Starbucks reported challenging quarter with falling sales and traffic. Narasimhan acknowledged issues highlighted by union workers and emphasized the company's focus on creating a more stable environment for partners. Former CEO Howard Schultz also called for management to spend more time with workers to understand ongoing challenges.
Sentiment: MIXED
Tickers: SBUX,
Keywords: breaking news: business, business, howard schultz, restaurants, retail industry, business news, starbucks corp, personnel,
Source: https://www.cnbc.com/2024/05/28/starbucks-union-negotiations-resume.html