08:24 AM EDT, 10/17/2025 (MT Newswires) -- Starbucks ( SBUX ) shareholders led by New York City's pension funds and Trillium Asset Management have asked the board to resume talks with Starbucks Workers United and reach a first contract promptly.

In their letter to the board Thursday, the investors expressed concern that labor relations at the company have "significantly deteriorated" and warned that failure to reach an agreement with the union threatens the company's ability to create long-term shareholder value.

The letter was signed by Trillium, New York City Comptroller Brad Lander representing New York City's pension funds, Shareholder Association for Research and Education, and Pensions Investment Research Consultants.

Starbucks ( SBUX ) did not immediately respond to MT Newswires' request for comment.

Shares of Starbucks ( SBUX ) were down 0.6% in recent premarket activity Friday.