Starbucks’ financial results in the fourth quarter of 2023 have surpassed market expectations, despite ongoing conflicts with its workers union in the US.
The second ‘Red Cup Day' strike, held on 16 November, is just the most recent development in the company's challenges with its workers union over the past year. Thousands of unionised Starbucks workers in the US walked out to push for contract negotiations on the promotional event day, during which customers are given free reusable red cups with certain festive drink purchases. Earlier this year, there were calls for a boycott in the US due to the company closing multiple unionised stores in Ithaca, New York, which was the first American city where all Starbucks stores were unionised....
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
