The company quietly told investors that its profits are threatened by its public crusade against the labor movement.
By David Sirota, The Lever
As Starbucks tries to crush a growing union drive among its workers, the company’s executives quietly admitted to investors that their anti-labor activities may destroy the coffee giant’s profits.
In the fine print of the company’s recent government filings, Starbucks first admits that “our wages and benefits programs may be insufficient,” but then slams unions, saying if labor organizing is successful “our labor costs could increase and our business could be negatively affected.”
Then the company made a stunning admission: “Our responses to any union organizing efforts could negatively impact how our brand is perceived and have adverse effects on our business, including on our financial results.”
Starbucks’ billionaire CEO Howard Schultz has been spearheading a public crusade to stop unionization…
Recent Posts
Norman Solomon On International Power Struggles And The U.S.’s Role In Tensions
Take Action Now “The very notion that U.S. military spending is “defense” spending gets any discussion off to a badly distorted start.”……
Biden Is Already Narrowing The Scope Of Student Loan Cancelation
Take Action Now Education Department says that a subset of federal student loans owned by private lenders no longer qualify for relief.……
Nuclear War And Moral Sanity
Take Action Now In a spiritual and moral sense, the world’s nuclear powers are the most underdeveloped nations—committed to…
Ilhan Omar’s Staff Is The Latest In Congress To Unionize
Take Action Now We talked to the congresswoman’s staff about why they formed a union. By Jacqui Germain, Teen Vogue…