Starbucks launched new employee benefits with a financial focus on Monday, but they are only available to non-unionized employees.
My Starbucks Savings will allow workers to contribute a portion of their pay to a personal savings account through Fidelity Investments, and Student Loan Management Benefit will provide employees with access to resources and individual coaching to help them manage student loan debt, refinancing, and repayment options, according to the company.
Starbucks’ senior vice president of Total Rewards, Ron Crawford, stated in a press release, “As we reimagine the future of Starbucks along with our partners, we felt we had an opportunity to enhance the financial security of our partners and their families.”
The announcement this week was not the first time the coffee giant has denied unionized staff benefits.
Starbucks CEO Howard Schultz stated in an online forum earlier this year that the firm would be unable to give additional benefits or compensation increases to unionized staff due to U.S. labor law, which mandates that employers negotiate pay and benefits separately with unions.
According to The Associated Press, the Seattle office of the National Labor Relations Board filed a complaint in August alleging that the corporation had violated the law by neglecting to offer salary increases and certain benefits to unionized employees.
Starbucks Workers United, according to the Associated Press, reported about 300 protesters demonstrated outside the Starbucks Investor Day meetings on Tuesday.
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