Money3 updates
Starbucks UK expansion and youth hiring
What happened before and after this story. Background events not previously covered were summarised by AI.
- Background
Starbucks announces global restructuring, closing underperforming stores
Starbucks announced a restructuring costing about $1bn, including closing underperforming North American stores and cutting jobs.
- Background
UK youth Neet total passes 1 million, a record in over a decade
Official figures showed more than 1 million 16–24-year-olds in the UK were not in education, employment or training, a level not seen in years.
Starbucks wants to hire 7,500 baristas in the UK, mostly outside the south
Starbucks plans 7,500 new barista jobs and 500 new coffee shops by 2031, focusing on the Midlands, northern England, Wales and Scotland as youth unemployment bites.