Starbucks closes 61 shops, cuts 700 jobs
July 30th, 2008 by Mark Griffin | No Comments | Filed in General StuffAlmost 700 employees of the coffee chain Starbucks will lose their jobs on Sunday after the company yesterday announced the closure of 61 of its 84 Australian stores.
Starbucks employees were told of the closures during 28 meetings around the country. They were given little more than 24 hours’ notice to attend and were not told the reason for the meetings.
The American company admitted it had struggled in Australia’s “very sophisticated coffee culture” and said the announcement was unrelated to its closure of 600 stores in the US this month.
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Source: www.smh.com.au
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