Starbucks job cut: 600 employees fired: Finance Trading Times

Starbucks job cut: 600 employees fired

It is happening once again – this time not in the big financial sector or the technology jobs, but at a coffee shop. Starbucks, which is the world's largest chain of coffee shops, said it will cut on 600 jobs and add regional divisions in the U.S. in an effort to end a decline in customer visits.
Around 230 workers are already fired, while remaining job cuts will be done by freezing of recruitment on vacant positions. Though the Starbucks management claims that the job cut, 600 in total, is not even 1% of the total Starbucks strength and the people who have been fired are the ones who are NOT engaged with serving the customers, but they are primarily the support staff, mainly in supply chain management stream.

The officials said that they would slow the pace of store growth and close 100 ``underperforming'' stores.

Starbucks will double the number of U.S. divisions to four in the hopes of improving employee training and customer service. Visits to U.S. locations have declined the past two quarters.

Starbucks, which has an employee strength of around 170,000, went down 44 cents, or 2.5 percent, to $17.82 at Nasdaq trading. Table of Contents
Have Comments or Questions? Please post them as comments using "Post our Comments" link below. Your queries will be responded for free in 24 hrs!

0 Comments: Post your Comments

Wish you all happy and fruitful trading and investing activities with safety! = = = Post a Comment

Copyright Information:
© Finance-Trading-Times.com
Please see Our Copy Right Policy. All the articles, posts and other materials on this website/blog are copyrighted to the author of this site. The content should NOT to be reproduced on any other website or through other medium, without the author's permission. Contact: contactus(AT)finance-trading-times.com

DISCLAIMER: Before using this site, you agree to the Disclaimer. For Any questions or comments, please mail contactus(AT)finance-trading-times.com.

About UsAdvertise with UsCopyRight Policy & Fair Use GuidePrivacy PolicyDisclaimer