TonyBaggett
Starbucks Corporation (NASDAQ:SBUX) said it found a constructive path forward during mediation discussions last weekend with representatives from the Workers United union. In a thawing of the relationships between the coffee chain giant and the union, Starbucks (SBUX) and Workers United said they have agreed to start discussions on a foundational framework on how to reach collective bargaining agreements for stores.
The aim of the discussions are to achieve both collective bargaining agreements for represented stores and partners, and the resolution of litigation between the union and the company. The Seattle-based company said that includes resolving litigation related to both the partner benefits announced in May 2022, and the use of the Starbucks brand. As a sign of good faith, Starbucks (SBUX) has agreed to provide partners represented by Workers United with the May 2022 benefits, including credit card tipping.
“While there is important work ahead, coming together to work on this framework represents an important step forward and is a clear demonstration of a shared commitment to working collaboratively on behalf of partners,” noted Starbucks (SBUX) on the development.
Shares of Starbucks (SBUX) are down 2% on a year-to-date basis.
