A new labor rule could make things tougher for millions of employees [CNNMoney.com]
McDonald's Corporation (MCD)
Last mcdonald's corporation earnings: 4/30 06:58 am
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Source: CNNMoney.com
Here's how a new labor rule could make things tougher for millions of employees New York (CNN Business) A new rule from the National Labor Relations Board could limit the responsibility of franchise operators, such as McDonald's, for the millions of employees who work for their franchisees. The rule involves what is known as joint-employer status for that group of employees. The final rule issued Tuesday by the three Republican members of the NLRB substantially narrows the instances where an employee could be found to have two employers rather than just one. There are currently no Democratic members of the labor board. Employer groups hailed the new rule as a common sense solution to what they said was unclear rules that could leave franchisors on the hook in cases involving employees they don't supervise or directly control. The previous rules put in place under the Obama administration did nothing but encourage baseless lawsuits, the groups said. "It has led to a doubling of
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MCD
Earnings
- 2/5/24 - Beat
MCD
Sec Filings
- 4/23/24 - Form 144
- 4/23/24 - Form 4
- 4/18/24 - Form PX14A6G
- MCD's page on the SEC website