Starbucks Union Backs Down From Boardroom Fight, Citing Progress

Key TakeawaysThe Strategic Organizing Center (SOC), a coalition representing unionized Starbucks Corp. workers, said Tuesday it will withdraw its board nominations, citing progress in talks.The withdrawal ends a months-long boardroom fight between the union coalition and Starbucks.The SOC decision comes after Workers United, the union representing Starbucks workers, reported significant progress with the company.Starbucks responded to the SOC announcement by saying the company is committed to "driving long- ...