- Pharmacy workers demand better conditions, initiate walkout. Organizers orchestrate sickout and protests at CVS, Walgreens.
- PPI and Industrial Production drop Wednesday morning — see how Matt Maley is trading the reaction, live at 6 PM ET.
Beginning Monday, pharmacy employees from leading chains such as CVS Health Corp CVS, Walgreens Boots Alliance, Inc. WBA, and Rite Aid Corp RADCQ are reportedly initiating another walkout, demanding improved workplace conditions.
Under the banner of “pharmageddon,” these workers are poised to begin a series of sick calls extending through Wednesday in an escalating effort to highlight their plight, according to a report by the New York Post.
The latest action follows protests, including a recent sick-out involving Walgreens employees across 200 locations and a concurrent walkout by CVS staff in Kansas, the report added.
At the heart of their demands are calls for more stable working hours, enhanced pay for pharmacy technicians, and a significant role in shaping their work schedules.
The pressures on pharmacists have been mounting, with reports of significant prescription backlogs exacerbated by an increased focus on vaccine administration. Such conditions have sparked concerns over the risk of errors due to overworked staff.
The report quoted a spokesperson for CVS, who said it’s not seeing any "unusual activity regarding unplanned pharmacy closures or pharmacist walkouts” and that it’s working with its pharmacists to directly address any of their concerns.
Price Action: CVS shares are trading higher by 1.24% at $67.11 on the last check Monday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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