00:00It's Benzinga bringing Wall Street to Main Street.
00:02Starbucks will pay about $35 million to more than 15,000 New York City workers to settle
00:07claims that it denied them stable schedules and cut their hours, according to ABC News.
00:13It will also pay $3.4 million in civil penalties and comply with the city's Fair Workweek law
00:18going forward. A spokeswoman said Starbucks is committed to complying with local laws,
00:24but described New York City's Fair Workweek rules as complex and challenging for retailers to manage.
00:30The city began investigating in 2022 after receiving worker complaints and later expanded
00:35the probe to hundreds of stores. Regulators said employees rarely received regular schedules
00:40and the company cut hours by more than 15 percent, which made it difficult for workers to plan weekly
00:46earnings and outside commitments. The agreement arrives as a nationwide strike continues at
00:52dozens of Starbucks stores. For all things money, visit Benzinga.com.
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