Starbucks introduced new benefits for finance-focused employees on Monday, but the benefits are only available to non-union employees.
The company outlined two new efforts to help employees with their finances: My Starbucks Savings, which allows workers to put a portion of their paycheck into a personal savings account through Fidelity Investments, and loan management benefits. Student, a program designed for employee access. The company said it provides resources and individual coaching to help them manage their student loan debt, refinancing and repayment options.
“As we reinvented the future of Starbucks with our partners, we knew we had an opportunity to further support the financial well-being of our partners and their families,” said Ron Crawford, senior vice president of Total Rewards at Starbucks. An announcement.
This week’s announcement isn’t the first time the coffee chain has withheld benefits for unionized workers.
Earlier this year, Starbucks CEO Howard Schultz claimed in an online forum that the company could not because of U.S. labor laws, which require companies to negotiate separately on wages and benefits with unions. Offer no new benefits or pay raises to union employees.
However, the Seattle office of the National Labor Relations Board filed a complaint in August, saying the company was actually violating the law by failing to offer union workers raises and certain benefits, according to the Associated Press.
The Starbucks union said 300 protesters rallied outside Starbucks’ investor day meeting on Tuesday, according to the Associated Press.