Thursday, January 25, 2018

Starbucks cites tax reform as reason for raises, expanded benefits, thousands of new jobs, Starbucks Bonuses, Announces Bonuses

Starbucks announced Wednesday it will spend $250 million on pay increases, new jobs, and stock options for its 150,000 partners at the company's stores, plants, and support centers starting Jan. 1.

The coffee cited "recent changes in the U.S. tax law" for its decision to boost employee benefits create 8,000 new retail jobs and 500 manufacturing positions at its Augusta, Ga., plant.

Starbucks will devote $120 million toward further boosting worker wages across the company.

On April 16 — day after the individual tax filing deadline — the company will give out $100 million in stock options to workers. Hourly retail employees will receive complimentary $500 stock shares. Store managers will receive $2,000.





No comments:

Post a Comment