McDonald's to hike pay at firm-owned sites

April 2, 2015 7:07 AM

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McDonald's to hike pay at firm-owned sites

The move, which takes effect July 1, will apply to about 90,000 workers, the company said Wednesday. It won't affect the 90-plus percent of restaurants that are run by franchisees who set their own wages and benefits. By the end of 2016, the fast-food chain expects workers at company-owned sites to earn more than $10 an hour on average.

In its pledge to improve pay and benefits, McDonald's is joining a growing roster of major U.S. employers. In recent months, Wal-Mart Stores Inc., Target Corp., and TJX Cos. have all vowed to boost pay to at least $9 an hour this year. McDonald's and other chains also have come under pressure from l...

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