McDonald's pressured to hike pay as Wal-Mart raises, economy improves



The pressure comes at a particularly difficult time for the world's biggest fast-food chain. McDonald's and its roughly 3,000 U.S. franchisees are fighting to break a long streak of lacklustre sales that has made it virtually impossible to boost prices on its famous hamburgers and french fries to cover higher labour costs.
McDonald's declined comment. It referred reporters to a December statement saying that franchisees set wages for roughly 90 percent of the chain's more than 14,000 U.S. restaurants. McDonald's Corp says it can increase pay only in the small number of restaurants it... read more

 
21 February 2015 in Business, Views: 35
Source: Reuters
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