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A Starbucks barista strike is expanding to some 5,000 workers at more than 300 stores in 45 states, just as the company's busy holiday stretch begins. Though it still only represents approximately 3% of all U.S. Starbucks locations, it's an expansion of an action that began last week in three cities. Organized by the Service Employees International Union and Starbucks Workers United, the strike aims to draw attention to alleged unfair labor practices and stalled negotiations over a contract that would cover thousands of workers. The workers are seeking an immediate increase in Starbucks' minimum hourly wage by as much as 64%, and over 77% over the life of a three-year contract. "The union chose to walk away from bargaining last week," said Sara Kelly, Starbucks' executive vice president.

Persons: Lynne Fox, they’re, Sara Kelly, Brian Niccol, Niccol Organizations: Starbucks, Service Employees International Union, Starbucks Workers United, “, Workers Union, ”, National Labor Relations Board

☆ Stocks making the biggest moves premarket: Novo Nordisk, FedEx, Nike, Starbucks, MicroStrategy and more
▼ + stars: | 2024-12-20 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

FedEx — Shares jumped 8.5% after FedEx announced a spinoff of its freight business . On the other hand, the company saw $21.97 billion in revenue for the quarter, under the consensus forecast of $22.10 billion. U.S. Steel — The steel producer shed 6% after issuing weak fourth-quarter guidance. For its current quarter, U.S. Steel expects a loss between 25 cents and 29 cents per share. Crypto-linked stocks — Shares of MicroStrategy and Coinbase each declined about 5.5%, continuing their slump as bitcoin prices fall from their highs .

Persons: Eli Lilly, LSEG, FactSet, Warren Buffett's Berkshire Hathaway, Berkshire Hathaway, Donald Trump, walkouts, Crypto, Alex Harring, Samantha Subin, Sarah Min, Pia Singh, Lisa Kailai Han, Michelle Fox Theobald Organizations: Nordisk —, FedEx —, FedEx, Nike, U.S . Steel, . Steel, Occidental Petroleum, Sirius XM, Micron Technology, Micron, Trump Media, Republican, The Workers Union, Federal Reserve Locations: —, Los Angeles, Chicago, Seattle

☆ Union strike underway at MMG's Las Bambas copper mine in Peru
▼ + stars: | 2023-11-20 | by ( ) www.reuters.com time to read: +1 min

The Las Bambas copper mine is pictured in Apurimac, Peru May 9, 2022. REUTERS/Angela Ponce/File Photo Acquire Licensing RightsLIMA, Nov 20 (Reuters) - A multi-day strike is underway at the Chinese-owned Las Bambas copper mine in Peru, the leader of the workers union said on Monday, as part of its demands to improve profit sharing protocols. Erick Ramos, general secretary of the Las Bambas workers union, told Reuters by telephone that the union is considering an indefinite strike from Nov. 28 if the company does not meet its demands. Las Bambas, which began operations in 2016 and is owned by China's MMG Ltd (1208.HK), is one of the largest copper producers in Peru, the world's second largest producer of the metal. A source close to the Las Bambas mine said earlier on Monday that the protest began on Sunday and that the strike was being "partially and peacefully" adhered to.

Persons: Angela Ponce, Erick Ramos, China's MMG, Ramos, Marco Aquino, Isabel Woodford, Louise Heavens, Kirsten Donovan Organizations: REUTERS, Rights, Reuters, China's, HK, Ministry of Labor, Thomson Locations: Apurimac, Peru

☆ Cleveland-Cliffs demands U.S. Steel to reveal all buyout offers
▼ + stars: | 2023-08-22 | by ( ) www.reuters.com time to read: +1 min

Steel workers at U.S. Steel Granite City Works in Granite City, Illinois, U.S., May 24, 2018. U.S. Steel, which rejected Cliffs' $7.3 billion cash-and-stock offer as inadequate, had earlier said it was exploring "multiple unsolicited proposals". The stance comes after the USW said last week it would only back Cleveland-Cliffs as a suitor for the company. Even if U.S. Steel has not received any bids, the company must acknowledge that no such proposals have been received, Cleveland-Cliffs said. U.S. Steel had also attracted a $7.8 billion all-cash offer from Esmark Inc and a potential acquisition interest from ArcelorMittal SA (MT.LU).

Persons: Lawrence Bryant, USW, Lourenco Goncalves, Priyamvada, Krishna Chandra Organizations: U.S . Steel, U.S . Steel Granite City, REUTERS, Tuesday U.S . Steel, United Steelworkers, . Steel, U.S, Steel, Cliffs, Esmark Inc, ArcelorMittal SA, Thomson Locations: U.S . Steel Granite, Granite City , Illinois, U.S, Cleveland, Bengaluru

☆ Hours after deadly train crash, Greece agonises over what went wrong
▼ + stars: | 2023-03-01 | by ( Angeliki Koutantou | ) www.reuters.com time to read: +3 min

[1/7] A general view of the site of a crash, where two trains collided, near the city of Larissa, Greece, March 1, 2023. There have been widespread media reports electronic signal software was not working, meaning signalling was done manually. OSE, the country's state-owned operator for rail infrastructure, did not respond to calls requesting comment nor did it issue a statement. Within hours, Greek police had arrested the station master at a provincial train station, accusing him of death through negligence. Hellenic Train, a unit of Italy's Ferrovie dello Stato which acquired passenger and freight operations, said it was working with authorities on the investigation.

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