McDonald's boss says 29 people fired over sexual harassment
Published On Jan 7, 2025, 10:30 AM
The CEO of McDonald's UK, Alistair Macrow, confirmed that 29 employees were dismissed over sexual harassment allegations in the past year. He expressed that such behavior is unacceptable and implied significant measures have been taken to improve workplace safety. Despite claims from some workers about ongoing issues relating to zero-hours contracts and harassment, the company asserts it has made substantial progress since implementing a new action plan after previous investigations into working conditions. The Equality and Human Rights Commission is also monitoring the situation closely.
Stock Forecasts
MCD
Negative
Given the ongoing issues of sexual harassment and worker dissatisfaction, McDonald's may face reputational risks, potentially impacting customer loyalty. However, if the measures taken to improve workplace safety are effective, McDonald's could stabilize its operations in the long term. Investor sentiment may vary, leading to short-term fluctuations in stock performance, particularly in the face of negative media coverage.
Related News
McDonald’s faces new abuse claims despite promises of change
Jan 6, 2025, 7:01 PM
Workers at the fast-food chain tell the BBC they still face sexual abuse despite pledges to improve safeguarding.
McDonald's to launch the McValue national menu as it looks for a boost from diners and investors
Jan 6, 2025, 1:52 PM
2025 is already a continuation of 2024 as fast food chains compete to get consumers' dollars.
Media mogul's $10B McDonald's discrimination suit will go to trial, federal judge rules
Dec 4, 2024, 9:21 AM
Media mogul Byron Allen's $10 billion racial discrimination lawsuit against McDonald's will proceed to trial after a federal judge handed down his decision.