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“Learn to Code” is exhausting and “Learn to Make a Burrito” is wired as the tech department continues to lay off massive staff.
Chipotle on Thursday announced plans to hire 15,000 full-time and part-time workers across North America ahead of the busy spring season. The restaurant has enjoyed strong growth and profits, and has proven resilient amid inflation, but nevertheless, to avoid paying an employee an extra $6 per hour he We are lobbying hard.
Be careful not to put too much
As a large chain, Chipotle has weathered the pandemic fairly well compared to smaller independent restaurants that lacked the cash reserves to stay open during lockdown. In February 2022, Chipotle announced his intention to open his 3,000th restaurant and eventually operate his 7,000th store in North America.
The turbulent economy hasn’t deterred consumers from dining out at their favorite chains. More worrying for Chipotle is the looming referendum in California, which could swell its operating costs.
- A referendum due next year is proposing a law called the FAST Act that would guarantee fast food workers a minimum wage of $22 an hour, according to MIT’s Living Wage Calculator. .
- Chipotle joined other fast food giants such as McDonald’s, Chick-fil-A, and Starbucks, each pouring $1 million into lobbying against the law. Considering that Chipotle pays its employees an average of $16 an hour, we can see that a pay increase of about 40% would have a significant impact on the balance sheet and could stifle expansionist ambitions.
Salad days are over: As a small company delivering fresh, organic vegetables, British food company Riverford stands in stark contrast to Chipotle and McDonald’s. It also increased wages for its workers to qualify as an accredited living wage employer, resulting in a significant drop in profits. The staff aren’t the only ones eating organic apples. Last financial year his profit fell to 56%, but founder Guy Singh Watson doubled his dividend to £850,000. I think carrots and carrots are getting closer.
