EMCC European Monitoring Centre on Change

Starbucks Corporation

Company/Organisation:
Starbucks Corporation

Geographic Location

Country: World

Company

Sector: Hotel / restaurants
Accomodation and food service activities
56.2 - Event catering and other food service activities
Number Employed: 176000

Employment Effects

Announcement Date: 30-01-2009
Planned Job Reductions min: 6700
Planned Job Reductions max: 6700
Type of Restructuring: Internal restructuring
Foreseen End Date: 31-12-2009

Additional Information

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.