Streetbeat News

Labor Issues

SBUX

A strike by Starbucks workers has affected less than 2% of its stores, indicating a limited impact on the company's operations.

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December 25, 2024 | 1:30 pm

SBUX

Starbucks shares rose as striking baristas are expected to return to work, potentially stabilizing operations.

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December 24, 2024 | 7:45 pm

SBUX

Starbucks baristas, represented by a union, have expanded their strike to over 300 locations across the U.S., impacting the operations of the coffee giant.

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December 24, 2024 | 5:00 pm

UBS

UBS Group AG is planning to cut jobs in France due to a weak economy and the integration of Credit Suisse (CS). This move reflects the challenges faced by UBS in managing its workforce amid economic pressures and the complexities of integrating CS operations.

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December 24, 2024 | 5:00 pm

JBLU

JetBlue (JBLU) is experiencing strong passenger volumes, which is a positive factor for the company. However, high labor costs are negatively impacting its bottom line.

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December 24, 2024 | 12:00 pm

SBUX

Starbucks workers have expanded their strike, resulting in the closure of 59 stores across various U.S. cities. This action comes amid stalled negotiations between the union and the company.

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December 24, 2024 | 11:30 am

SBUX

Starbucks is facing its largest work stoppage in history, with over 5,000 employees from more than 300 US stores planning to strike on Christmas Eve. This escalation could impact store operations and sales during a critical holiday period.

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December 24, 2024 | 11:15 am

KRUS

Kura Sushi USA is rated as a buy due to its strong growth potential. The company has over $100 million in cash and plans to open 14 new stores in FY25, representing a 22% unit growth. It targets over 20% unit expansion annually.

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December 24, 2024 | 1:45 am

BYDDY

Labor authorities in Brazil discovered 163 workers in slavery-like conditions at a BYD construction site in Bahia state. This revelation could impact BYD's reputation and operations.

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December 23, 2024 | 7:30 pm

CNI

CN announced the ratification of new four-year collective agreements with Unifor, covering 3,300 employees in Canada. This development is significant for CN's operations in mechanical, clerical, and intermodal functions.

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December 23, 2024 | 2:00 pm