Starbucks Announces Unprecedented Investments in its Workers
Oct 28, 2021 By MarketDepth
Starbucks Corp. (NASDAQ: SBUX) has announced a “historic” investment in its workers, raising wages and improving benefits throughout Canada.
“Today, I am very proud and excited to announce record investments in our partners. Our partners are the heartbeat of Starbucks and what will always remain is our commitment to sharing our success with our partners.”Starbucks Canada Senior Vice President and General Manager, Lori Digulla
The company will raise its minimum wage $1 above the provincial minimums and will also raise tenured hourly worker wages. Furthermore, as of January 2022, Canadian employees hired on or before January 3, 2021 will receive a 6-10% wage increase. Additionally, Starbucks is “providing every hourly partner in Canada three paid shifts per calendar year to be used to cover sick days or circumstances that require family care, effective January 1, 2022.”
“We have been through some of the toughest times our world has ever seen and although we are still living through this immense change, we are moving forward thoughtfully and courageously to always be a company that cares for its people.”Starbucks Canada Senior Vice President and General Manager, Lori Digulla