STARBUCKS WILL PAY WORKERS FOR 30 DAYS EVEN IF THEY ARE STAYING HOME

Starbucks CEO Kevin Johnson told CNBC’s “Squawk on the Street” that the coffee giant will continue paying its workforce for the next 30 days as “stay-at-home” orders remain in effect for many around the world, due to the coronavirus pandemic. The company has reopened over 95% of stores in China, including sites in Wuhan and the Hubei province, which CNBC’s Jim Cramer points to as evidence that the coronavirus outbreak has indeed slowed in China. Starbucks employs 191,000 people in the U.S., approximately 183,000 of which work in company-operated stores and another 8,000 of which work in support facilities, store development facilities, and roasting, manufacturing, warehousing and distribution operations.

Read more here