Starbucks to increase employee pay to attract workers [FOX Business Network]
Starbucks Corporation (SBUX)
Last starbucks corporation earnings: 4/28 04:05 pm
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Source: FOX Business Network
Starbucks is raising its U.S. employees' pay and making other changes as the company deals with a challenging labor market and as a union effort looms. The coffee giant announced Wednesday that all of its U.S. workers will earn at least $15 — and up to $23 — per hour by next summer. GET FOX BUSINESS ON THE GO BY CLICKING HERE In late January, employees with two or more years of service will get a 5% raise, while those with five or more years of service could receive up to a 10% raise. In order to attract new employees, a $200 recruitment bonus will be offered. In a letter to employees, Starbucks' North America President Rossann Williams said the pay raises not only support workers but will enhance recruitment efforts. MORE STARBUCKS WORKERS PUSH FOR UNION VOTE Starbucks has raised pay three times in 24 months. Employees at three Starbucks stores in Buffalo, New York, are trying to form a union to give them greater leverage on issues like understaffing of stores and wo
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SBUX
News
- Starbucks unveils new cold drink cups with 20% less plastic [FOX Business Network]FOX Business Network
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- Where Will Starbucks Stock Be in 5 Years? [Yahoo! Finance]Yahoo! Finance
- Starbucks to introduce cold drink cup made with less plastic [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
SBUX
Earnings
- 1/30/24 - Miss
SBUX
Sec Filings
- 4/17/24 - Form 4
- 4/17/24 - Form 4
- 4/17/24 - Form 4
- SBUX's page on the SEC website