Labor unions end proxy fight at Starbucks after bargaining progress
Source: CNBC
Published Tue, Mar 5 20248:03 AM EST Updated 2 Hours Ago
By Rohan Goswami
A group of labor unions said on Tuesday it was ending its proxy fight at Starbucks, after the two sides agreed last week to work toward a foundational framework on collective bargaining.
We feel that now is the time to acknowledge the progress that has been made and to allow the Company and its workers to focus on moving forward, the Strategic Organizing Center said in a release.
The SOC said it is withdrawing the three nominees it had put forth for election to Starbucks board.
A Starbucks spokesperson said that the company appreciated the SOCs decision and said the board remained focused on driving long-term value for all stakeholders, including partners, shareholders, customers, and farmers.
Steph Kronos, a pro-Union activist, tries to talk to Starbucks customers as she joins Starbucks workers, former employees, and supporters in holding signs in support of a strike, outside of a Starbucks store in Arlington, Virginia, on November 16, 2023.
Saul Loeb | AFP | Getty Images
Read more: https://www.cnbc.com/2024/03/05/labor-unions-end-proxy-fight-at-starbucks-after-bargaining-progress.html