XLY - Starbucks Wins In Supreme Court In Case Involving Fired Memphis Workers | Benzinga
Shares of coffee chain giant Starbucks Corp (NASDAQ:SBUX) are trading higher today.
The U.S. Supreme, in a recent decision, has reportedly sided with Starbucks in a significant ruling related to the reinstatement of seven Memphis employees who were dismissed amid unionization efforts.
The justices unanimously threw out a lower court’s approval of an injunction sought by the U.S. National Labor Relations Board (NLRB) ordering Starbucks to reinstate the workers, Reuters reported.
Meanwhile, the agency’s in-house administrative case against the company proceeds, the report noted.
This outcome may set a tougher precedent for courts when considering labor practices alleged to be unfair.
These employees were part of a growing movement at Starbucks aiming to ...