Starbucks Corporation has announced a significant development in its relationship with the union Workers United. On February 27, 2024, Starbucks revealed that it has agreed to begin discussions with Workers United on a foundational framework aimed at achieving collective bargaining agreements and resolving ongoing litigation. This includes addressing disputes over partner benefits announced in May 2022 and the use of the Starbucks brand. As a gesture of goodwill, Starbucks will extend the May 2022 benefits, such as credit card tipping, to partners represented by Workers United. The company's executive vice president and chief partner officer, Sara Kelly, emphasized Starbucks' commitment to its partners and the intent to build a constructive relationship with the union. The announcement also included a reminder of the forward...Show More

Starbucks Corporation has announced a significant development in its relationship with the union Workers United. On February 27, 2024, Starbucks revealed that it has agreed to begin discussions with Workers United on a foundational framework aimed at achieving collective bargaining agreements and resolving ongoing litigation. This includes addressing disputes over partner benefits announced in May 2022 and the use of the Starbucks brand. As a gesture of goodwill, Starbucks will extend the May 2022 benefits, such as credit card tipping, to partners represented by Workers United. The company's executive vice president and chief partner officer, Sara Kelly, emphasized Starbucks' commitment to its partners and the intent to build a constructive relationship with the union. The announcement also included a reminder of the forward-looking nature of these statements and the inherent risks involved, as detailed in Starbucks' filings with the U.S. Securities and Exchange Commission. Additionally, Starbucks has filed a definitive proxy statement and a white proxy card with the SEC for its 2024 Annual Meeting, urging shareholders to review these documents for important information.