Starbucks Stock News

Die Kaffeehauskette Starbucks US8552441094 zahlt rund 35 Millionen US-Dollar (knapp 30 Mio Euro) an mehr als 15.000 Beschäftigte in New York City, um Vorwürfe zu unzuverlässigen Dienstplänen und willkürlich gekürzten Arbeitsstunden zu beenden.

Starbucks has agreed to pay $38.9 million to settle claims by New York City that the coffee chain violated a local law requiring fast food businesses to give workers predictable and stable schedules more than half a million times over a three-year period, Mayor Eric Adams' office said on Monday.

The global coffee chain will pay $35.5 million to more than 15,000 workers, along with $3.4 million in civil penalties and costs, the city said.

“This (law) is notoriously challenging to manage and this isn't just Starbucks issue, nearly every retailer in the city faces these roadblocks,” a company spokeswoman said.

The Starbucks Workers United escalated its “Red Cup Rebellion” strike over unfair labor practices on Black Friday, announcing that 120 stores in 85 cities had joined the effort, while Starbucks claims fewer than half that number were impacted and that the strike has caused minimal disruption over the last three weeks.

Starbucks remains a hold due to persistent margin pressure, inflationary headwinds, and a premium valuation despite recent operational improvements. SBUX's Q4 showed modest revenue growth and positive comparable store sales, but operating margins declined significantly year-over-year, limiting near-term upside. Dividend growth has slowed to a penny increase, with a payout ratio above 100% and d...

Starbucks is facing mounting pressure as its workers' union escalates an ongoing strike to more than 120 US stores across 85 cities, marking what could become the longest labour interruption in the coffee chain's history.

The walkout began on its Red Cup Day on Nov. 13 with 65 stores and more than 40 cities.