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Headline : Thaw Between Starbucks, Union, Enables Talks to Resume

Read more from the original article on here at www.baystreet.ca.





Tags : #thaw #between #starbucks #union #enables #talks #resume



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Starbucks (NASDAQ:SBUX) and the union that represents its baristas will resume contract negotiations on Wednesday, ending an extended stalemate.

Shares in the retail coffee chain inched higher seven cents to $87.94 early Wednesday as investors were taking their first sip of brew.

The two sidesโ€™ return to the bargaining table follows their February announcement that they found a โ€œconstructive path forwardโ€ during mediation discussions related to litigation over the unionโ€™s use of Starbucksโ€™ branding. It marked a major pivot for Starbucks, which had spent the previous two years battling Workers United and the broader movement to unionize its cafes.

Roughly 500 company-owned Starbucks in the U.S. have voted to unionize under Workers United since the first elections in December 2021, according to a tally from the National Labor Relations Board, as of Monday. But none of those locations, which make up a small fraction of total U.S. footprint, have come close to a collective bargaining agreement.

Read more from the original article on here at www.baystreet.ca.


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