Restaurants

Bertucci files for Chapter 11 bankruptcy, closure of 2 New Hampshire restaurants

Bertucci files for Chapter 11 bankruptcy, closure of 2 New Hampshire restaurants

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WELL, JIMMY, IT’S TRUE, BERTOLUCCI’S AT THE MALL OF NEW HAMPSHIRE IS NOW PERMANENT. LEE CLOSE, THE RESTAURANT’S PARENT COMPANY, BLAMES PANDEMIC INFLATION FOR WHY IT HAD TO FILE BANKRUPTCY. NOW IN THIS FILE BERTUCCI SAYS DUE TO THE COVID 19 PANDEMIC AND THE IMPACT OF INFLATION, SALES HAVE DECLINED WHILE SPENDING. IN 2021, THE …

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Owner of 13 McDonald's restaurants charged with child labor violations

Owner of 13 McDonald’s restaurants charged with child labor violations

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The US Department of Labor discovered 101 child labor violations at 13 McDonald’s restaurants in western Pennsylvania. The restaurants are owned by Santonastasso Enterprises of Bridgeville. The Department of Labor said the company paid a fine of $57,332. The government said the franchise owner allowed 14- and 15-year-old employees to work outside authorized hours. Violations …

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Sandra Jauregui, center, a fast-food worker for 14 years, and other workers in the industry rally at the state Capitol in Sacramento on Tuesday, Nov. 15, 2022, demanding that fast-food companies such as McDonald’s, In-N-Out Burger and Chipotle stop seeking to repeal Assembly Bill 257, which creates a government-run labor council for the industry.

California restaurants collect 1 million signatures to challenge new fast food labor law

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Sandra Jauregui, center, a fast food worker for 14 years, and other industry workers rally at the State Capitol in Sacramento on Tuesday, Nov. 15, 2022, demanding that fast food companies such as McDonald’s, In- N-Out Burger and Chipotle stop seeking to repeal Assembly Bill 257, which creates a government-run labor council for the industry. …

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People who are still afraid of catching COVID-19 are costing the US economy billions of dollars

People who are still afraid of catching COVID-19 are costing the US economy billions of dollars

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More than two years into the coronavirus pandemic, social distancing is preventing some workers from returning to work. That’s according to this working paper distributed by the National Bureau of Economic Research. Some people are not ready to let their guard down, knowing that COVID-19 has not gone away. Some 13% of American workers say …

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MARK-TO-MARKET: Job openings dwindle as CEOs look to 2023

MARK-TO-MARKET: Job openings dwindle as CEOs look to 2023

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Mark M. Grywacheski Published monthly by the US Department of Labor, the JOLTS, or Job Openings and Labor Turnover Survey, reports the monthly change in job offers, hires, quits and other employee departures. On Wednesday, the October survey reported 10.3 million non-farm job openings among private and government employers nationwide. That was slightly below the …

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Inflation is forcing restaurants and mom and pop chains like McDonald's to build on their strengths

Inflation is forcing restaurants and mom and pop chains like McDonald’s to build on their strengths

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Customers at a McDonald’s restaurant Scott Mill | CNBC As the restaurant industry battles inflation, the chains’ large size and access to cash give them the upper hand, but independents have their own advantages when dealing with higher costs. Feeling the pressure on their budgets, consumers have reduced their frequentation of restaurants in recent months. …

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Restaurant sales are on the rise. But dining out is on the decline | CNN Business

Restaurant sales are on the rise. But dining out is on the decline | CNN Business

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New York CNN Business — Restaurant chains reported sales growth in the third quarter. But more sales do not mean more customers. In fact, industry watchers are noticing that foot traffic to restaurants has decreased in recent months. Indeed, as inflation eats away at consumers’ budgets, many have cut back on restaurant visits and eaten …

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