Starbucks baristas are striking in Los Angeles, Chicago and Seattle. Starbucks Workers United is pushing for better pay for baristas as it negotiates with the company.
CNBC's Becky Quick reports on the latest news.
Unions representing Starbucks Inc. (NASDAQ: SBUX) workers are about to hit the coffee shop giant with strikes in major cities.
The planned walkout in Los Angeles, Chicago and Seattle comes after talks between the company and the workers' union failed to produce an agreement on raises.
Starbucks' largest workers' union announced that it would strike in three major cities on Friday. The Starbucks Workers United union said that stores in Los Angeles, Chicago, and Seattle would participate.
The workers' union representing more than 10,000 Starbucks baristas said that union members will go on strike in Los Angeles, Chicago, and Seattle on Friday morning.
Gregory Francfort, Guggenheim Partners director - lead restaurant analyst, joins 'The Exchange' to discuss Starbucks CEO Brian Niccol's first 100 days and the read on the restaurant sector.
Starbucks CEO Brian Niccol has talked about improving conditions for baristas. A potential strike at some Starbucks stores represents a test on that front for the new CEO.
CNBC's Andrew Ross Sorkin reports on the latest news.
Starbucks Workers United bargaining delegate and barista Michelle Eisen discusses the current status of the union discussions with management. She speaks with Scarlet Fu on "The Close.
We focused on building two positions over the last year: Realty Income and Starbucks. AT&T slashed its dividend several years ago in an effort to shore up its balance sheet. Starbucks has rebounded well, ever since it dropped in the $70s late in 2023 and early 2024.
Starbucks' biggest workers union on Tuesday went forward to authorize a nationwide strike. It said that the coffee chain had not settled hundreds of unfair labor practice cases.