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00:02Starbucks Workers United said baristas plan to strike on November 13th,
00:06coinciding with Starbucks' popular Red Cup Day,
00:08to pressure the company to signing a contract.
00:10Union representing workers in about 550 of the coffee chain's 10,000 U.S. stores,
00:15voted to authorize a work stoppage in more than 25 cities, according to Bloomberg.
00:19Strike threat underscores growing tensions between Starbucks and its unionized workers,
00:23as nearly four years of failed contract talks had a collapsed 2024 truce and reignited conflict.
00:29Starbucks said it's disappointing that the union, which represents around 4% of its partners,
00:33chose to strike instead of returning to negotiations.
00:36The company said baristas already received pay, averaging more than $19 an hour,
00:40in compensation worth over $30 with benefits.
00:43Workers United claimed Starbucks has refused to improve its countdown proposal,
00:46arguing that a deal would cost less than the company's $100 million in daily global sales,
00:50while baristas earn as little as $15.25 an hour.
00:54Starbucks shares are down 13% year-to-date.
00:56For all things money, visit Benzinga.com.
