Starbucks' unionized workers plan walkout on "Red Cup Day" this week - eviltoast
Work stoppages to come on same day as yearly promotion and impact hundreds of locations, the coffee chain's union says.

Thousands of unionized Starbucks workers will walk off their jobs on Thursday, with the one-day work stoppages coming to protest the company’s stance with shops that voted to organize, according to Starbucks Workers United.

The labor action is timed to for Starbucks’ Red Cup Day, an annual event in which the coffee giant hands out holiday-themed reusable cups. Starbucks has refused to negotiate in good faith over staffing and other issues that are particularly acute during promotions, according to the union.

“Starbucks is creating unnecessarily stressful working conditions by scheduling promotion after promotion without increasing staffing,” Neha Cremin, a Starbucks worker in Oklahoma City, said in a statement to CBS MoneyWatch. “Starbucks has made it clear that they won’t listen to workers, so we’re advocating for ourselves by going on strike.”

  • interceder270@lemmy.world
    11·
    1 year ago

    Thanks for the useful information. I wonder if we can find how much Starbucks pays because they’re publicly traded and the amount of money they spent on product should be available to investors.

    • IMALlama@lemmy.world
      2·
      1 year ago

      Their fillings are freely available on their website and will give you some insights, but they don’t get anywhere close to their unit price for coffee.

      That said, their most recent 10-Q says things like

      Depending on market conditions, we may enter into coffee forward contracts, futures contracts and collars to hedge anticipated cash flows under our price-to- be-fixed green coffee contracts, which are described further in Note 5.

      They do the same for other commodities. It would probably be difficult for a small scale player to participate effectively, if at all, in reading commodities to try to minimize commodity cost.

      https://investor.starbucks.com/financial-data/sec-filings/default.aspx