Workers at Walgreens Boots Alliance Inc (NASDAQ:WBA) may soon accelerate their efforts to demand for better pay. A few labor groups, which are trying to push the hike in minimum wages, are now focusing the drug chain stores, after successful attempts at retailers like Target Corporation (NYSE:TGT). After the successful joint labor efforts, Target increased the minimum wage of workers to $9 per hour in the month of April, 2014. Likewise, TJX Companies Inc (NYSE:TJX) and Wal-Mart Stores, Inc. (NYSE:WMT) had also increased the minimum wages.
United Food and Commercial Workers International behind efforts of Walgreens workers organization
UFCW is the union which played a crucial role in pushing Wal-Mart to enhance minimum wages of workers. The same union is promoting its efforts for organizing Walgreen workers as well. Labor advocates as well as their supporters had earlier taken on the retailers for better pay. The focus has drifted towards the drugchain stores.
As far as the retailing is concerned, there was hardly an option of negotiation because of increased competition for workers and employees as the rate of unemployment sinks to the lowest levels in over six years. According to the labor activists, the success at organized efforts for wage hikes at big retailers gave momentum and leverage in case of drugstore operators.
Interestingly, the drug stores are considered as one of the most revenue-generating and rapidly growing retailers. Walgreen is the most money-making and top most drugstore in the U.S. It is followed by CVS Health Corp (NYSE:CVS) and Rite Aid Corporation (NYSE:RAD).
Service Employees International Union Affiliate planning to kick off wage negotiations with Walgreens
Apart from the aforementioned union, The New York-New Jersey Joint Board of Workers United, the SEIU affiliate, is also planning to kick off the negotiation regarding better wage rate to the Walgreens workers. The negotiation will start in the summer of this year with Duane Reade management, a subsidiary of the firm.