'New Starbucks CEO Brian Niccol Commits To Working With Union As Talks Move Forward' - CNBC
Portfolio Pulse from Benzinga Newsdesk
Starbucks' new CEO, Brian Niccol, has committed to working with the union representing its baristas, Workers United, to negotiate collective bargaining agreements. This marks a shift in Starbucks' approach to unionization, as the company previously resisted union efforts. The union is advocating for fair scheduling, living wages, and equity. Niccol's commitment could impact Starbucks' labor relations and public perception.
September 25, 2024 | 2:30 pm
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Starbucks' new CEO, Brian Niccol, is committed to working with the union representing its baristas, signaling a potential shift in labor relations. This could improve public perception and employee satisfaction, but may also lead to increased labor costs.
The commitment from Starbucks' CEO to engage with the union could lead to improved labor relations and public perception, which are positive for the brand. However, it may also result in higher labor costs if the union's demands are met. Overall, this is likely to have a positive short-term impact on the stock as it addresses a contentious issue.
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