Chipotle Mexican Grill (NYSE:CMG) is the most recent retail chain to listen to requires unionization after staff at a location in Augusta, Maine, filed a petition for a union election, in keeping with CNBC.
The Maine AFL-CIO mentioned that employees on the restaurant are demanding protected, satisfactory staffing at their retailer as they take steps to kind the brand new Chipotle United union.
The restaurant trade has been on watch after a union push at Starbucks(SBUX) rapidly grew to over 150 shops. Nevertheless, traders won’t must panic. Unionization efforts can take time because the formal course of performs out and should not issue into any near-term earnings outcomes for Chipotle (CMG).
Shares of Chipotle (CMG) fell in early buying and selling on Thursday. Over the past 52 weeks, CMG has the fifth greatest share value return of the 47 publicly-traded restaurant shares.
Learn why Looking for Alpha creator RCK Analytics thinks Chipotle is attractive following the share price decline.