NEW YORK — Chipotle is the latest company to give out one-time cash and stock bonuses, and will broaden parental leave benefits for workers following sweeping changes to U.S. tax law.
The announcement follows similar actions at big companies such as Apple, Walmart, Starbucks, FedEx and Disney.
Qualified hourly and salaried restaurant workers at Chipotle will receive a special one-time cash bonus of up to $1,000 or a one-time stock grant. There will also be additional paid parental leave coverage for a broad range of workers, from hourly managers to salaried employees.
It comes at a turbulent time for the Denver-based burrito chain, which is trying to turn around its business after a series of food safety scares that sent customers elsewhere. Late Tuesday, Chipotle said a key sales figure rose during the last three months of 2017, but that was mainly because of higher menu prices and cheaper avocados. Fewer customers came to its restaurants during the quarter, the company said.
Shares of Chipotle Mexican Grill Inc. fell $30.63, or 10 percent, to $273.70 in trading Wednesday.
– Associated Press
Send questions/comments to the editors.
Success. Please wait for the page to reload. If the page does not reload within 5 seconds, please refresh the page.
Enter your email and password to access comments.
Hi, to comment on stories you must . This profile is in addition to your subscription and website login.
Already have a commenting profile? .
Invalid username/password.
Please check your email to confirm and complete your registration.
Only subscribers are eligible to post comments. Please subscribe or login first for digital access. Here’s why.
Use the form below to reset your password. When you've submitted your account email, we will send an email with a reset code.