In a bid to reduce its high staff turnover, fast-food chain Chipotle has decided to distribute free shares to managers and to finance the higher education of young employees. This year, the US group has also committed to paying into staff pension pots, up to the amount of their student loan repayments.
Shareholders of the Chipotle restaurant chain (3,400 outlets in the United States and 120,000 employees) will be offered a 50:1 stock split at the annual general meeting on 6 June. A relatively rare operation on the New York Stock Exchange, its aim is to curb the company’s high turnover, which stood at 33% among managers and 18% among regional vice-presidents in 2023 (compared with 44% and 19%, respectively, in 2022). By dividing the share price by 50, which is currently around $3,000, the...
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