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Showing Original Post only (View all)McDonald's Admits in Private That Strikes Have Hurt Its Bottom Line, and It May Have to Raise Wages [View all]
http://www.alternet.org/corporate-accountability-and-workplace/mcdonalds-admits-private-strikes-have-hurt-its-bottom-lineWorker strikes and social media shaming can adversely affect us, and increasing public focus on income inequality could spur higher wages, fast food giant McDonalds acknowledged in an annual report filed Tuesday with the Securities and Exchange Commission.
Under Risk Factors and Cautionary Statement Regarding Forward-Looking Financial Statements, the McDonalds corporation writes that the quality of our execution of the company Plan to Win depends mainly on a series of factors, among them The impact of campaigns by labor organizations and activists, including through the use of social media and other mobile communications and applications, to promote adverse perceptions of the quick-service category or our brand, management, suppliers or franchisees, or to promote or threaten boycotts, strikes or other actions The company also lists The impact of events such as boycotts or protests, labor strikes and supply chain interruptions (including due to lack of supply or price increases) that can adversely affect us or the suppliers franchisees and others whose performance has a material impact on our results
In a subsequent list, under key factors that can affect our operations, plans and results in this environment, McDonalds describes a long-term trend toward higher wages and social expenses in both mature and developing markets, which may intensify with increasing public focus on matters of income inequality
McDonalds did not immediately respond to a request for comment. As Salon has reported, workers backed by the Service Employees International Union have mounted an unprecedented challenge to the industry, including a wave of one-day strikes which grew from a single-city November 2012 effort in New York to a December 2013 walkout which organizers said involved thousands of total workers in a hundred U.S. cities. Asked beforehand about that action, a McDonalds spokesperson e-mailed that the company and its franchisees are committed to providing our employees with opportunities to succeed.
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McDonald's Admits in Private That Strikes Have Hurt Its Bottom Line, and It May Have to Raise Wages [View all]
xchrom
Mar 2014
OP
If they can't change because its the right thing to do, then they can change for expediancy.
marble falls
Mar 2014
#7
As recently as 2009 McDonald's and others outsourced drive-through orders...
Earth_First
Mar 2014
#13
But they could import some foreign workers, put them up an cheap dorms and farm them out to
Dark n Stormy Knight
Mar 2014
#22
"we are committed to providing our employees with opportunities to succeed"--yah, just as long
niyad
Mar 2014
#12
That .gif entitles you to a grand prize of not one, but THREE interwebz.
Systematic Chaos
Mar 2014
#21