Walgreens Reportedly Confronts Impending Staff Walkout — Is Your Local Pharmacy Shutting Down Next Week?
Portfolio Pulse from Nabaparna Bhattacharya
Walgreens Boots Alliance, Inc. (NASDAQ:WBA) employees are reportedly planning a nationwide walkout between Oct. 9 and Oct.11 due to what they describe as unbearable working conditions and inadequate staffing. The planned walkout is expected to involve employees from over 500 of the approximately 9,000 Walgreens stores across the United States. In response, Walgreens stated that there have never been corporate quotas and that all task-based metrics for retail pharmacy staff were eliminated last year. The company also highlighted its $265 million incremental investments in its nationwide pharmacy team this fiscal year.
October 07, 2023 | 9:24 pm
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Walgreens is facing a potential nationwide walkout by its employees over working conditions and staffing. This could disrupt operations and potentially impact the company's reputation and financial performance.
The planned walkout at Walgreens could disrupt operations at over 500 stores, potentially impacting the company's ability to serve customers and generate revenue. This could negatively affect the company's financial performance and stock price in the short term. Additionally, the negative publicity could harm the company's reputation, which could have longer-term impacts.
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