Starbucks made an announcement Wednesday saying it will invest $250 million on pay raises, new jobs, and stock options for its 150,000 partners at the company’s stores, plants, and support centers across the Country.
Starbucks cited “recent changes in the U.S. tax law” for its decision to boost employee benefits and create 8,000 new retail jobs and 500 manufacturing positions at its plant in Augusta, GA.
“Just as we have always felt strongly that our partners are key to our business success, we have also known offering a valuable, comprehensive benefits package helps us retain our valuable partners. The value of Starbucks benefit package is unmatched by other retailers and provides thousands of dollars above the value of other companies compensation offerings,” said Starbucks CEO Kevin Johnson in a statement.
Starbucks will reinvest $120 million toward raising employee wages across the company.
On April 16 — the day after the individual tax filing deadline — the Seattle-based company will dish out $100 million in stock options to workers. Hourly retail employees will receive complimentary $500 stock shares and store managers will get $2,000.
Will this liberal Icon and social headquarters of the radical left finally prove to their followers that Trumps Tax Reform is in fact making a YUGE impact on jobs and the economy?… We will see…