Takeaways
- Pharmacists at CVS locations in Kansas City threatened to walk off their jobs for the second time in a week.
- Pharmacists are demanding better working conditions and the company has apologized for not responding promptly to their concerns.
- CVS shares fell 2% on Wednesday following the news and have lost about a quarter of their value since the start of the year .
CVS Health (CVS) shares fell by 2.2% Wednesday after pharmacists at the Kansas City, Mo., drugstore chain threatened to walk off their jobs for the second time in a week to protest working conditions.
At least 22 Kansas City CVS stores and Target (TGT) store pharmacies were closed late last week when pharmacists intervened, saying they were overworked, putting them at risk. patient safety.
Pharmacists, who are not not unionized, called for limits on the number of vaccines to be administered, better schedules and other changes.
In a memo to staff, the director of Corporate Pharmacy and President of Pharmacy and Consumer Wellbeing, Prem Shah, apologized for not addressing their concerns sooner and promised to take steps to improve the situation. However, the organizers of the first walkout indicated that another would take place on Wednesday.
CVS Health shares have lost about a quarter of their value since the start of the year.
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Source: investopedia.com
