Here's how a recession could hurt – or help – unions at big companies like Starbucks and Amazon

  • 📰 CNBC
  • ⏱ Reading Time:
  • 68 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 30%
  • Publisher: 72%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

Working conditions during the pandemic pushed many workers to organize — but fears about a potential recession could curb the union boom. katerogers and Thxamelian report.

As the Federal Reserve continues to aggressively raise interest rates to fight inflation and cool down the economy, market watchers, economists and executives are warning of a potential recession in 2023.

For now, advocates believe the momentum will be hard to slow down. Whether it's petitions or other wins, like a California law that creates a council to govern the fast-food industry labor conditions, 2022 has been a banner year for organizing. In May, the company announced enhanced pay hikes for non-unionized stores and extra training for baristas that went into effect in August after holding feedback sessions with its employees. The union has said the coffee giant is illegally withholding the benefits from cafes, but Starbucks maintains it cannot offer new benefits without negotiations for union shops."Our focus is on working directly with our partners to reimagine the future of Starbucks.

He added that he believes once the union makes continued progress on having fired workers reinstated and is successful in having benefits extended to union stores, there will be more headway made on petitions. About 240 locations out of its 9,000 company-owned cafes have voted to unionize as of Sept. 22, according to the National Labor Relations Board. But contract negotiations could help or hinder the push to unionize the nation's largest coffee chain.

And despite the petition slowdown at Starbucks, organizers' success has inspired workers elsewhere, like Bradlea, the Trader Joe's employee.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

katerogers Thxamelian EVERYONE MUST BOYCOTT WENDY'S !!!!

katerogers Thxamelian Potential recession? You guys that control the narrative are funny. We are knee deep in it already.

katerogers Thxamelian Oh look, a furry.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Technology stocks are booming, and these four companies have staying power for years to comeOPINION: “Four trends — automation, artificial intelligence (AI), cloud and cybersecurity — will continue to see robust demand in even the most challenging economic circumstances,” danielnewmanuv writes as he recommends stocks in those spaces.
Source: MarketWatch - 🏆 3. / 97 Read more »

Larry King Estate Battle: Shawn King Files $100M Lawsuit Against Former Business ManagersThe broadcaster's widow claims Blouin & Company helped Larry King Jr. steal millions from her. Wait. Larry king died? Wait... Larry's dead Yep. Another golddigger that married for money.
Source: THR - 🏆 411. / 53 Read more »