US - Starbucks yesterday said it would match 401(k) plan contributions for its US employees.
Starbucks president, chairman and chief executive Howard Schultz said: "Our progress over these past few months has given us the opportunity to fund the company discretionary match for the 2009 plan year."
He added: "Make no mistake, we remain humbled by the uncertain economic environment and know we have a long journey ahead. While we have more work to do, we are making progress and I want to take this opportunity to recognize the important role that all of our partners (employees) play in creating the Starbucks experience and fundamentally driving our performance."
Last week, the company reported earnings per share of US$0.20 for the quarter ended June 28, the company's third quarter in its 2009 fiscal year, up from a loss of $0.01 the previous year.
The company also said it would allow merit-based raises for employees in the 2010 fiscal year, and that it would continue to offer comprehensive health care benefits for eligible employees.
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