Starbucks to add 17,000 locations by 2030, cut costs by $3 billion

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Starbucks to add 17,000 locations by 2030, cut costs by $3 billion
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Today's Business Headlines: 11/2/23

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It seems like a lofty goal considering the Seattle-based coffee chain also announced that it plans on doubling US workers’ hourly income over fiscal 2020 earnings by the end of 2025. Starbucks Workers United, which represents nearly 9,000 of Starbucks’ baristas but isn’t affiliated with the coffeehouse chain, has proposed a base wage of $20 per hour for all workers, “with a fair way to calculate higher base wage in high-cost areas.”

In the wake of the union’s “inflammatory and misleading communication” in the since-deleted post on X, Starbucks swiftly moved to distance itself from Workers United, issuing a statement that said, “Workers United’s words and actions belong to them, and them alone.”

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