Coffee giant Starbucks plans to invest $2.5 billion in a new facility that could employ hundreds of workers, including its first female employees.
The move is part of a $3.6 billion plan to increase productivity at Starbucks stores, according to company spokesman Andrew Meisel.
The company also announced it is adding 2,000 new jobs to help the company stay competitive.
The $2,500 annual salary will boost Starbucks’ annual sales to $1.5 trillion.
The company will spend $800 million on an investment in the new facility, Meisel said.
The plan also includes hiring 200 new full-time positions in technology and customer service.
The Starbucks’ corporate social responsibility team will work with Starbucks employees on the project, Meiland said.
The move comes amid an overall labor market slump that has driven coffee drinkers to lower their consumption of coffee, said Dan Regan, an economist with Bank of America Merrill Lynch.
A decline in coffee sales has led to a drop in coffee company profits, which have fallen from $3 billion in 2013 to $2 million in 2017, Regan said.