Starbucks Corporation (SBUX) Hiring 240000 by 2021

Starbucks' (SBUX) unveiled plans on Wednesday to create 240,000 new jobs, with 68,000 of those being in the U.S.

Earlier this year, Starbucks announced its plans to hire 10,000 refugees across its global business in 75 countries by 2022.

The company said it will begin actively hiring in numerous cities where recent newcomers to Canada have settled, with an initial focus on the Greater Toronto Area, Greater Vancouver Area, Montreal, Ottawa, Calgary, and Edmonton.

"Not every decision in business is an economic one", Schultz said of the company's investment in its employees.

In addition to veterans, Starbucks is said it has also reached its goal of hiring 10,000 "Opportunity Youth" by 2018, and that it plans to hire 100,000 of these youth by 2020. Milan is a longtime dream of Schultz's; he was inspired by its coffee culture from the beginning of his career at Starbucks. The retailer is increasing the goal to 25,000 total hires by 2025. After boos from the audience, Schultz replied that he could "unequivocally" say "there is zero, absolutely no evidence whatsoever, that there's any dilution in the integrity of the Starbucks brand, our reputation or our core business as a result of being compassionate".

Starbucks Chairman and CEO Howard Shultz (L) hands over the key to the original Starbucks store at Seattle's Pike Place Market to President and Chief Operating Officer Kevin Johnson on stage at the annual shareholders meeting at McCaw Hall in Seattle, Wash. on March 22, 2017.

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When the outgoing CEO previously revealed that the company would be hiring these refugees, many social media users balked, claiming that the company was giving away jobs that could be filled by Americans or American veterans.

At Wednesday's meeting, a representative from the National Center for Public Policy Research, a conservative think tank, asked about what the hiring of refugees would cost Starbucks and whether it was politically driven. The coffee chain plans to add 12,000 new stores worldwide by 2021.

Addressing Starbucks' recent hiccups with its mobile ordering platformand the stock's downtrend, Schultz said he was confident that the company would bounce back. The items will be made fresh daily, with the night's leftovers going to local food banks.

"Certainly, I think transitions from founders are particularly unique and sometimes challenging transitions to execute", he said. Starbucks also is trying to lure more diners with a gluten-free breakfast sandwich and vegan bagel.

As of last fall, Starbucks Canada operated 1,399 locations across the country and employed more than 19,000 workers. "We're adding capacity to not only catch up, but keep up, with consumer demand".

Meanwhile, the chain said it plans to integrate its mobile order and pay platform with Amazon's Alexa and Ford vehicles later this year.

  • Adam Floyd