Starbucks Corporation

Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Sector
Accommodation / Food
56 - Food and beverage service activities
56.2 - Event catering, contract catering service activities and other food service activities
56.2 - Event catering, contract catering service activities and other food service activities
6,700 jobs
Number of planned job losses
Job loss
Announcement Date
30 January 2009
Employment effect (start)
Foreseen end date
31 December 2009

Description

Sturbucks Corporation, US-based international coffeehouse chain, has announced that it is to cut 6,700 jobs worldwide (out of approximately 176,000) with the closure of 300 stores, including 200 in the United States. Starbucks plans to eliminate about 6,000 store jobs and  700 corporate jobs, including about 350 at its corporate headquarters in Seattle. The job losses are attributed to a massive decline in Starbucks' sales in recent quarters.

Sources

  • 30 January 2009: Hospodárske noviny

Citation

Eurofound (2009), Starbucks Corporation, Internal restructuring in World, factsheet number 67997, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67997.