Market Chatter: Unionized Starbuck Workers Vote Down Latest Contract Proposal

MT Newswires Live
26 Apr

Starbucks' (SBUX) unionized employees negotiating a first-time collective bargaining agreement rejected the latest company offer, Bloomberg reported Friday, citing a statement by the SBWorkers United.

The company proposal reportedly was turned down by 81% of the delegates voting this week, while 14% voted to accept and the rest abstained. The talks have continued for roughly three years, with the sides previously resolving some of the contract terms, such as workplace safety and employee dress codes, but still have not found agreement on pay increases and health care benefits, according to the report.

Starbucks and the union, which represents employees at 550 individual stores around the US, did not immediately respond to requests seeking comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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