[US] Starbucks will exit Russia

The US multinational coffee chain Starbucks Corporation has taken the decision to leave Russia amid the country’s ongoing invasion of Ukraine, HR Reporter reports.

In a short press release, the Seattle coffee giant said, “Starbucks has made the decision to exit and no longer have a brand presence in the market.”

 The move reportedly comes about two and a half months after the company announced a pause in its operations in Russia.

The employer also promises to continue supporting its employees in the country, including through compensation and assistance in finding new employment.

“We will continue to support the nearly 2,000 green apron partners in Russia, including pay for six months and assistance for partners to transition to new opportunities outside of Starbucks,” the corporation said.

The move ends Starbucks’ 15-year presence on Russian soil. By March of this year, the company had 130 Russian locations, all owned and operated by a partner, according to a report from CTV News.

With its decision to leave, Starbucks follows in the footsteps of McDonald’s. The fast-food chain announced its exit from Russia last week after 30 years of operation there. 

Mcdonald's said that the humanitarian crisis caused by the war in Ukraine, along with an unpredictable operating environment, meant continued ownership in Russia is no longer tenable nor consistent with McDonald’s values.

In March IKEA also halted its Russian operations.

Source: HR Reporter

(Links and quotes via original reporting)

The US multinational coffee chain Starbucks Corporation has taken the decision to leave Russia amid the country’s ongoing invasion of Ukraine, HR Reporter reports.

In a short press release, the Seattle coffee giant said, “Starbucks has made the decision to exit and no longer have a brand presence in the market.”

 The move reportedly comes about two and a half months after the company announced a pause in its operations in Russia.

The employer also promises to continue supporting its employees in the country, including through compensation and assistance in finding new employment.

“We will continue to support the nearly 2,000 green apron partners in Russia, including pay for six months and assistance for partners to transition to new opportunities outside of Starbucks,” the corporation said.

The move ends Starbucks’ 15-year presence on Russian soil. By March of this year, the company had 130 Russian locations, all owned and operated by a partner, according to a report from CTV News.

With its decision to leave, Starbucks follows in the footsteps of McDonald’s. The fast-food chain announced its exit from Russia last week after 30 years of operation there. 

Mcdonald's said that the humanitarian crisis caused by the war in Ukraine, along with an unpredictable operating environment, meant continued ownership in Russia is no longer tenable nor consistent with McDonald’s values.

In March IKEA also halted its Russian operations.

Source: HR Reporter

(Links and quotes via original reporting)