SEATTLE (dpa-AFX) - The Strategic Organizing Center or SOC, a shareholder of
Starbucks Corp. (SBUX), Tuesday announced its decision to withdraw nominees for
the Director position at the food chain giant's board.

SOC said the decision was made to allow the company to focus on upholding its
new commitments to workers and enhancing value for shareholders.

Last week, Starbucks and Workers United reached collective bargaining agreements
for represented stores and partners, the resolution of litigation, and a fair
process for workers to organize, putting an end to a two-year long stand-off
between the two parties caused by the SOC's nominations.

Currently, Starbucks's stock is trading at $91.82, down 0.69 percent on the
Nasdaq.



Copyright(c) 2024 RTTNews.com. All Rights Reserved

Copyright RTT News/dpa-AFX