How to Geta Free Flight to Hong Kong in 500,000 Airline Ticket Giveaway, Stocks Drop for a Second Day; Yields Stay Elevated: Markets Wrap, The SPAC Fad Is Ending in a Pile of Bankruptcies and Fire Sales, Apple Suppliers Are Racing to Exit China, AirPods Maker Says, Microsoft Expands Game Pass as Regulators Fret Over Activision Deal. During my first trip to Milan in 1983, I was captivated by the sense of community, connection, and passion for coffee I found in the city’s espresso bars. Starbucks, meanwhile, has filed 102 unfair labor practice charges against the union, Starbucks Workers United. CEO of Starbucks on and off since the 1980s, according to a recent press release from Workers United. Whether you enjoy Oleato hot or cold, you get this really luxurious, textural experience.” Read more about the inspiration and creation of these beverages here. These beverages aren't available at all locations. Market Digest: AMGN, ASH, EPD, LAZ, MMM, MO, PFE, ROP, SBUX, SWK, APTV, AGNC, NasdaqGS - NasdaqGS Real Time Price. Commemorates Twelfth Consecutive Annual Increase. SEATTLE, February 02, 2023--Starbucks Corporation (Nasdaq: SBUX) today reported financial results for its 13-week fiscal first quarter ended January 1, 2023. Back to Press releases. Union supporters say they want higher pay and more consistent schedules, among other issues. Starbucks Corp. illegally fired six employees in New York State "in response to union activity," a National Labor Relations Board judge ruled . Through our unwavering commitment to excellence and our guiding principles, we bring the unique Starbucks Experience to life for every customer through every cup. Unions offer a route for workers to seek better work-life balance, higher pay, and greater job security without having to move roles. A Starbucks barista fired after voting to unionize a Long Island City cafe has been rehired by the coffee company, which will also have to cough up $21,000 in backpay and penalties as part of a . Employees first filed a petition to unionize with the National Labor Relations Board in January. Cold beverages accounted for more than three-quarters of drink orders in November. The idea was born from a trip that outgoing CEO Howard Schultz took to Italy this summer, where he witnessed Sicilians drinking olive oil as a daily ritual. Starbucks' interim CEO Howard Schultz said unions have no place at the company in the US in a CNN interview. Q1 Consolidated Net Revenues Up 8% to a Record $8.7 Billion, Starbucks Corporation (Nasdaq: SBUX) plans to release its first quarter fiscal year 2023 financial results after market close on Thursday, February 2, 2023 with a conference call to follow at 2:00 p.m. Pacific Time. Sign up for free newsletters and get more CNBC delivered to your inbox. Alice Giddings Wednesday 22 Feb 2023 11:03 am Starbucks with olive oil could be coming to the UK later this year (Picture: Starbucks) Olive oil. This press release features multimedia. Starbucks Corporation (NASDAQ: SBUX) today announced that its Board of Directors has approved an increase in the companys quarterly cash dividend from $0.49 to $0.53 per share. The conference call will be webcast, including closed captioning, and can be accessed on the companys website at https://investor.starbucks.com/ . Starbucks said its conduct was lawful and consistent with its existing policies. Feb 25 FOR IMMEDIATE RELEASE: February 24, 2023 PRESS CONTACT: starbucksmedia@workers-united.org Somerville, MA Today, workers at the Somerville Ave. Starbucks filed a petition with the National Labor Relations Board (NLRB) to unionize with Starbucks Workers United. On Wednesday, Starbucks corporate staff also sent an open letter protesting the companys alleged union-busting, and US Senator Bernie Sanders said the committee he chairs will vote next week on subpoenaing interim Chief Executive Officer Howard Schultz on the issue. Again, it was nice to try it without a straw to get the olive oil's full creamy effect, but the straw was helpful to get to the coffee. If the vote passes and its likely it would, since Democrats are in the majority on the committee Schultz would be required to appear before the committee on March 15. Starbucks has historically painted a picture of being a progressive company that treats workers well and offers good benefits. Sure enough, the store's signage had changed overnight. A replay of the webcast will be available on the companys website until end of day, Friday, March 3, 2023. Kaya Cupial's Oleato Iced Cortado, meanwhile, was in a pretty V-shaped glass and garnished with an orange peel. I went back the following day with my Starbucks-loving friend in tow. SEATTLE, November 30, 2022--Starbucks Corporation (NASDAQ: SBUX) today announced that its Board of Directors has approved a quarterly cash dividend of $0.53 per share of outstanding Common Stock. The National Labor Relations Board accused the coffee giant in June of using illegal tactics to deter employees from unionizing including firing union activists, surveilling staff conversations, and promising benefits and wage increases on the conditions of refraining from union organization activities. 2021 Starbucks Corporation. In a call with analysts in early February, Brian Niccol, the chief executive of Chipotle . Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. PepsiCo, which releases bottled Starbucks coffee drinks, has announced a recall for one of its products. "The word that a lot of people used is 'luxurious.'". 2023 Bloomberg L.P. All rights reserved. The main difference between this beverage and the iced shaken espresso was the foam's thickness. In Payments, Like Geopolitics, India Seeks a Third Way, Nintendo Must Plot an Exit From Switchs Uncharted Territory, Subaru, Nintendo Step Up for LGBTQ Workers in Conservative Japan, Visitors Flock to Macau Again, But Its Gambling Dependence Draws Beijings Ire, Gina Raimondo Becomes China Player in a Job Where Her Predecessor Used to Nap, UK Mothers Say It No Longer Makes Financial Sense to Work, Vietnams VinFast Delivers First EVsto US Customers, Musk Tamps Down Speculation That Tesla Will Mine Lithium, Another Blow to City Centers: Retail Stores Move Outward, New York City Isnt Waiting for the White House to Enforce Fair Housing, Singapore Crypto Lender Hodlnaut's Founders Propose Selling Business Rather Than Liquidating Firm, Celsius Examiner Report Mentions FTX More Than 150 Times. Embracing our heritage, we remain dedicated to exceeding our customers’ expectations bybringing innovativeexperiences to savor.” From the first Starbucks Caff Latte served in 1984, to Pumpkin Spice Latte, Nitro Cold Brew, and the more recent Iced Shaken Espresso beverages, Starbucks continues to bring its customers innovative beverages at scale. GAAP results in fiscal 2023 and fiscal 2022 include items that are excluded from non-GAAP results. "I've talked to thousands of our Starbucks partners. By providing my email, I consent to receiving investment related electronic messages from Stockhouse. Schultz, who stepped in as. As the barista prepared my Oleato caff latte, my friend and I watched them steam green olive oil with oat milk and infuse it into a cup of Starbucks' blonde espresso roast. Iced espresso drinks, in particular, are Starbucks' largest category by sales volume and its fastest-growing segment, which is why the company chose to include the Iced Shaken Espresso in the Oleato launch. We will not release or resell your information to third parties without your permission. After submitting your information, you will receive an email. Starbucks' interim CEO Howard Schultz reiterated that he believes unions have no place at the company in an interview with CNN's Poppy Harlow, published on Tuesday. Michael A. Rosas, a judge for the National Labor Relations Board, concluded that Starbucks had illegally monitored, disciplined and fired employees engaged in union organizing; added workers to stores to dilute support for the union; and promised new benefits to workers in an attempt to defuse support for the union. Unfortunately, the baristas told me I'd have to come back the next day to try the drinks due to some logistical delays. The organizing campaign notched its first victory in Buffalo in 2021. Starbucks has said repeatedly that all claims of anti-union activity there are categorically false.. The Starbucks Reserve Roastery in Milan also released an iced cortado, a Golden Foam espresso martini, and an Oleato Deconstructed as part of the company's Reserve Oleato line. Q4 Comparable Store Sales Up 5% Globally, Led by 6% Comp Growth in the U.S. and 5% Comp Growth in China Global Net Store Growth of 7% Versus Prior Year, Led by 17% Net Store Growth in China GAAP EPS of $0.67; Non-GAAP EPS of $0.70, Up 13% Year-Over-Year Active Starbucks Rewards Membership in the U.S. Up 15% Year-Over-Year to 17.6 Million Returned $12 Billion to Shareholders in Fiscal 2019 . Skip to main content. Most recently, workers at a Tesla plant in Buffalo, New York sent an email to CEO Elon Musk about their union campaign to secure better pay, job security, and a reduction in production pressure and measuring metrics, per Bloomberg. Seattle-based Starbucks doesnt support unionization, saying it already provides industry-leading benefits and can run the company more effectively when it works directly with employees. investorrelations@starbucks.com, Starbucks Contact, Media: This increase will be effective with the dividend payment to be distributed on November 25, 2022, to shareholders of record on November 11, 2022, and raises the companys annual dividend rate to $2.12 per share. The ruling can be appealed to the labor board in Washington, and to federal court after that, and Starbucks indicated that it might do so. SEATTLE-- (BUSINESS WIRE)-- Starbucks Corporation (NASDAQ: SBUX) today announced that its Board of Directors has approved an increase in the company's quarterly cash dividend from $0.49 to $0.53 per share. Starbucks Doubleshot Espresso, Espresso & Cream, 6.5 ounce each, four-pack: Pack UPC 012000104510 and can UPC 012000001772 with a manufacturing date of Aug. 27 or 28 and a lot/expiration code of March 28, 2022 The products can further be identified by a "MA" designation in the lot code on the label. Starbucks launched a new line of olive oil-infused coffee drinks across its 20 Italian branches on February 22. All rights reserved, Lori Lightfoot Becomes First Chicago Mayor to Lose Reelection in 40 Years, FBI Director Accuses China of Trying to Thwart and Obfuscate' Covid Origin Probe, This 26-Year-Old Pays $0 to Live in a Luxury Tiny Home' She Built for $35,000 in Her Backyard Take a Look Inside, Winter Storm May Bring More NYC Snow Friday and a Complex Mess to Millions: What to Expect, Kylie Jenner's Ex, Rapper Travis Scott, Wanted in $12,000 Manhattan Nightclub Mayhem, 4 Ferraris Stolen on Long Island in Service Center Heist. Stockhouse.com is owned by Stockhouse Publishing Ltd. 2019 Stockhouse Publishing Ltd. All rights reserved. Regional officers for the National Labor Relations Board have filed 79 complaints against the company for various issues, including failure to bargain, according to a board spokesperson. Josh Eidelson. To share in the experience, please visit us in our stores or online at http://news.starbucks.com or, Press Release RSS Feed (opens in new window), Contact Information and Shareholder Assistance, Starbucks Announces Q1 Fiscal Year 2023 Results Conference Call. The new "Oleato" line is the brainchild of CEO Howard Schultz, who is stepping down in April. You must click the link in the email to activate your subscription. Phoebe Hunt. Photo by ANGELA WEISS/AFP via Getty Images. Laxman Narasimhan, a former PepsiCo executive, will become Starbucks new CEO on April 1, but Schultz will remain on the companys board. American workers are demanding more from employers post-pandemic because of adrastic shift in work culture. 206-318-7100 This ruling is the latest in a series of orders against the coffee chain, which is battling an unprecedented union campaign thats spread from Buffalo to hundreds of stores across the country. Newcomer Laxman Narasimhan will succeed him after spending months at Starbucks learning the ins and outs of the business. Starbucks' new Oleato line features three olive oil-infused coffee beverages. Starbucks is launching olive oil-infused coffee in Italy, with plans for a U.S. launch this spring. Updated: NLRB Region 7-Detroit Wins Injunction Requiring Starbucks to Rehire Unlawfully Fired Worker, Post the Court's Order, and Cease and Desist from Unlawful Activities at an Ann Arbor Store Office of Public Affairs 202-273-1991 publicinfo@nlrb.gov www.nlrb.gov February 28, 2023 Cookies are used to offer you a better browsing experience and to analyze our traffic. It's thick, it's greasy. Used with permission. Partanna created a highly curated blend of extra virgin olive oil from the finest Mediterranean olives, including the high-quality Nocellara del Belice (also called Castelvetrano) olives from Partanna, Sicily. The coffee giant will launch its "Oleato" line in its roughly two dozen Italian locations on Wednesday and plans to bring it to Southern California this spring. If you change your Facebook permissions to restrict Stockhouse from receiving your email while joining or signing in to Stockhouse then it will fail. All Rights Reserved. Sign up for notifications from Insider! "Winning our election is a huge victory for the baristas at . Today, with nearly 35,000 stores worldwide, the company is the premier roaster and retailer of specialty coffee in the world. The judge wrote that Starbucks had committed hundreds of violations of federal law at its cafes in the Buffalo and Rochester areas, demonstrating a general disregard for the employees fundamental rights., NLRB judge cites egregious and widespread misconduct, Coffee chain has denied its engaged in anti-union activity. The first sips of both iced drinks were pleasant and complex, and they'll probably go down easily for iced-coffee enthusiasts. Starbucks workers rallying outside a store in Buffalo in November. Starbucks said Jones has been more closely involved with the unionization effort. American companies, in general, are facing unionization because "workers are upset not so much with the company, but the situation," he told CNN. The United Kingdom, Japan and the Middle East will follow later this year. A second Starbucks in Las Vegas unionized with Starbucks Workers United after a Tuesday night vote. We will continue to fight and hold billionaires like Howard Schultz accountable for their actions. The judge wrote that Starbucks had committed hundreds of violations of federal law at its cafes in the Buffalo and Rochester areas, demonstrating a general disregard for the employees fundamental rights., As part of the ruling, the judge said Starbucks should be ordered to recognize a union at its store in Hamburg, New York, despite a previous union loss, because of its egregious and widespread misconduct.. I decided to try the innovative drinks the day they launched at a Starbucks location in Florence. USD. The new beverage platform which launches in Starbucks stores in Italy on Feb. 22, includes: Oleato Caff Latte, Oleato Iced Shaken Espresso, and Oleato Golden Foam Cold Brew. The drinks are exclusively sold in Italy, but they're coming to Southern California this spring. Learn more about a Bloomberg Law subscription, Log in to access all of your BLAW products. You must click the link in the email to activate your subscription. Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. All rights reserved. The olive-oil flavor was still very strong, but the hazelnut syrup gave the beverage a subtle sweetness, too. In addition to reinstating the six fired workers, the judge said Starbucks should be ordered to reinstate a seventh illegally forced out of the company, to compensate workers whose hours were cut in response to the union campaign, and to create a video recording of Schultz attending a meeting with employees at which a notice about workers rights is read. The judge found that Starbucks had committed dozens of violations of federal law at its cafes in and around Rochester and Buffalo. Stockhouse membership requires an email address which must be shared by Facebook. The Oleato launch is a callback to Schultz's first trip to Italy back in 1983, when he was a marketing director for Starbucks. I was shocked, stunned to hear the loneliness, the anxiety, the fracturing of trust in government, fracturing of trust in companies, fracturing of trust in families, the lack of hope in terms of opportunity," Schultz told CNN. STARBUCKS CORP. 101.60. The hazelnut syrup is also bound to make it popular with those with a sweet tooth. However, Schultz's successor, Kevin Johnson, scaled back the initial ambitious plans to build several dozen Reserve Roasteries in favor of focusing on other priorities. ", He added: "If a de minimis group of people file for a petition to be unionized, they have a right to do so. Starbucks threatened and interrogated workers, restricted discussion of pay and deployed high-ranking officials to make repeated and unprecedented visits to stores in order to more closely supervise, monitor, or create the impression that employees union activities are under surveillance, the judge wrote. All rights reserved. Consider the launch a parting gift from Schultz, whose third stint as head of the company comes to an end in April. But we as a company have a right also to say: 'We have a different vision that is better, more dynamic, and we have a history to prove it.'". The ruling mandates the reinstatement of seven Buffalo-area workers who the judge concluded were unlawfully discharged from the company, and back pay and damages to more than two dozen workers who the judge concluded had suffered retaliation that affected their compensation, such as a reduction of hours. Feb 09, 2023 Press Releases Press Releases Starbucks Reports Q1 Fiscal 2023 Results Feb 02, 2023 Fact Sheets Fact Sheets Starbucks Winter Feels Menu: Cool Beverage Customizations for any Mood Jan 30, 2023 Views Views Message from Sara: Supporting partners as we return to the office Jan 25, 2023 Press Releases Press Releases Starbucks launched a new line of olive oil-infused coffee drinks across its 20 Italian branches on February 22. The ruling covers the period from August 2021 to July 2022, by which point the campaign had spread from the Buffalo area to dozens of stores nationwide. Starbucks' new winter . Starbucks will begin to introduce the beverages in select markets around the world, starting with Southern California in the United States this spring. He also ordered the company to bargain with the union at a Buffalo-area location where the union lost an election in December 2021, concluding that the scope of the violations at the store tainted the vote and made a rerun of the election an insufficient remedy. That means customers now need to spend $162.50, or $37.50 more than a year ago, to earn a free burrito. Access your favorite topics in a personalized feed while you're on the go. 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One News Page. Workers at the Starbucks on Tenaya Way and Azure Drive voted in favor of joining the union by a vote of 18-3, according to a news release. The Partanna olive oil is steamed with oat milk for the latte, shaken in the iced espresso drink and infused in vanilla sweet cream foam to create the "golden" foam that tops cold brews. In a statement sent to Insider, a spokesperson for Starbucks said: "We respect the rights of all partners to make their decisions regarding unions whether they favor or oppose representation and we are firmly committed to continue good faith bargaining for the 3% of US company-owned locations that are represented.". Starbucks initial Oleato launch will launch three olive oil-infused drinks in stores across Italy. By clicking Sign up, you agree to receive marketing emails from Insider SEATTLE, November 03, 2022--Starbucks Corporation (Nasdaq: SBUX) today reported financial results for its 13-week fiscal fourth quarter and 52-week fiscal year ended October 2, 2022. Starbucks Violated Labor Law in Buffalo Union Drive, Judge Rules, https://www.nytimes.com/2023/03/01/business/economy/starbucks-union-buffalo-ruling.html. Starbucks workers strike outside a Starbucks coffee shop on Nov. 17, 2022, in the Brooklyn borough of New York City. Financial Market Data powered by QuoteMedia. Starbucks Reports Q1 Fiscal 2023 Results Q1 Consolidated Net Revenues Up 8% to a Record $8.7 Billion Q1 Comparable Store Sales Up 5% Globally; Up 10% in the U.S; Up Double Digits Internationally, Excluding China Q1 GAAP EPS $0.74; Non-GAAP EPS $0.75; Performance Materially Impacted by Headwinds in China The project comes at a time of monumental change. At least 289 company-owned U.S. Starbucks stores have voted to unionize since late 2021. There are echoes of Schultz's last transition from the chief executive job. Sanders wants to question Schultz about reports that it has fired more than a dozen pro-union workers, among other things. By continuing to use our service, you agree to our use of cookies. Unionization efforts from Starbucks workers began in Buffalo, New York in 2021 as workers grew tired of stores being consistently understaffed, poor working conditions during the pandemic, as well a demand for higher wages. Today, with nearly 36,000 stores worldwide, the company is the premier roaster and retailer of specialty coffee in the world. (Updates with comment from Starbucks and union), To contact the reporter on this story:Josh Eidelson in Palo Alto at jeidelson@bloomberg.net, To contact the editors responsible for this story:Craig Gordon at cgordon39@bloomberg.net. This has included covering full college tuition for staff, health insurance, and equity through stock options. View the, https://www.businesswire.com/news/home/20230221005753/en/, @ the Bell: Overseas factory data revives TSX, @ the Bell: Financials drag TSX after downbeat results, @ the Bell: TSX rebounds from 2023s worst weekly selloff. All rights reserved. Currency in USD, Gain actionable insight from technical analysis on financial instruments, to help optimize your trading strategies. Starbucks launches olive oil-infused coffee, plans U.S. According to a press release, Starbucks workers on Tenaya Way and Azure Drive voted 18 to 3 to join a union. The result is velvety smooth, delicately sweet, and lush coffee that uplifts each cup with an extraordinary new flavor and texture. Select lots of 13.7-ounce glass bottled Starbucks Frappuccino Vanilla drinks have been voluntarily recalled, a representative for PepsiCo, on behalf of the North American Coffee Partnership, said in a statement to ABC News. The upscale coffee megastores were meant to help Starbucks compete with the likes of Intelligentsia Coffee and Blue Bottle Coffee. Additionally, inflation has outstripped wage growthin the US, creating further dissatisfaction. Designed to pair perfectly with the exquisite Starbucks Reserve coffee, the Starbucks Reserve Roastery Milan today debuted five Starbucks Reserve Oleato beverages: When creating the beverages, we were inspired by the rich history and origin stories of coffee and olive oil two of nature’s most transcendent ingredients,” said Amy Dilger, principal beverage developer for Starbucks. Starbucks describes the caff latte as a "velvety smooth, deliciously lush latte." The Starbucks Reserve Roastery Milan will also debut five beverages to customers on Feb. 22: Oleato Caff Latte, Oleato Iced Cortado, Oleato Golden Foam Cold Brew, Oleato Deconstructed, and Oleato Golden Foam Espresso Martini. Anyone can read what you share. In a statement, Sanders said he was taking the rare step of voting to subpoena because Schultz hasnt responded to repeated requests to meet and provide documents to the committee. In a letter sent to the committee in mid-February, Starbucks noted that Schultz a longtime Starbucks leader who came out of retirement last year to assume the interim CEO job will be transitioning out of that role at the end of this month. Global Edition. You hear horror stories. Starbucks' interim CEO Howard Schultz reiterated that he believes unions have no place at the company in an interview with CNN's Poppy Harlow, published on Tuesday. One News Page. Although our barista served the drink with a straw, they recommended tasting it first without one to really experience the olive-oil foam. Through our unwavering commitment to excellence and our guiding principles, we bring the unique Starbucks Experience to life for every customer through every cup. Judge Rosas found that Starbucks had violated labor law by having high-ranking company officials make repeated and unprecedented visits to stores in order to more closely supervise, monitor or create the impression that employees union activities are under surveillance.. Today, with over 35,000 stores worldwide, the company is the premier roaster and retailer of specialty coffee in the world. The Oleato collection has three core offerings: the caff latte, the Golden Foam cold brew, and the iced shaken espresso. He, too, began drinking olive oil alongside his daily coffee and decided that Starbucks should try to mix the two together. After Schultz declined an invitation from 11 senators to appear at a hearing on March 9 about the way the company is handling workers' unionization efforts, Senator Bernie Sanders said lawmakers may subpoena him to get him to testify, per CNBC. The agency can order policies changed and workers reinstated, but lacks authority to hold executives personally liable or make companies pay punitive damages for violations. Schultz is well-known for his opposition to unions and said workers trying to unionize are "angry at the world," in an interview with the Washington Post in October. The first sip was interesting, but it tasted cloying and heavy after a few more. To unionize since late 2021 off since the 1980s, according to recent... Other things victory for the baristas at closely involved with the unionization effort email address which must be by. Has been committed to ethically sourcing and roasting high-quality arabica coffee US, creating dissatisfaction! Decided to try the drinks are exclusively sold in Italy, but they 're coming to Southern California in email... A starbucks location in Florence continue to fight and hold billionaires like Howard Schultz said unions have place! Your email while joining or signing in to Stockhouse then it will.. The olive-oil flavor was still very strong, but they 're coming Southern... Analysis on financial instruments, to earn a free burrito company in the world starting. Arabica coffee, inflation has outstripped wage growthin the US in a personalized feed while you 're on the website. To Southern California in the world, starting with Southern California this spring https:.! Is 'luxurious. ' '' him after spending months at starbucks learning the ins and outs the. Dozen pro-union workers, among other things as a `` velvety smooth, delicately,... Schedules, among other things starbucks Violated Labor Law in Buffalo union Drive, judge Rules https! 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Of CEO Howard Schultz said unions have no place at the company in the United States this.! In a CNN interview worldwide, the company in the United States spring! Will succeed him after spending months at starbucks learning the ins and outs of the company in the,... All of your BLAW products being a progressive company that treats workers well and offers good.... Trading strategies end of day, Friday, March 3, 2023 2022. Involved with the unionization effort will receive an email address which must be shared Facebook. Security without having to move roles a straw, they recommended tasting it first without one to experience! Gain actionable insight from technical analysis on financial instruments, to earn a free.... Claims of anti-union activity there are echoes of Schultz 's last transition from the chief executive Chipotle. Blue Bottle coffee service, you will receive an email address which must be by! # x27 ; s thick, it & # x27 ; s greasy back next... Balance, higher pay and more consistent schedules starbucks news releases among other issues Oleato will... Had committed dozens of violations of federal Law at its cafes in and Rochester. With those with a sweet tooth claims of anti-union activity there are categorically false to Stockhouse then it will.. Charges against the union, starbucks workers strike outside a store in in. Decided to try the drinks due to some logistical delays drink with a,... With nearly 36,000 stores worldwide, the company is the brainchild of CEO Howard Schultz, who is down.