McDonald’s Expands Worker Tuition Benefits, Citing Tax Law - NBC4 Washington
National & International News
The day’s top national and international news

McDonald’s Expands Worker Tuition Benefits, Citing Tax Law

Restaurant crew members will now be able to get up to $2,500 per year for tuition, an increase from $700

    processing...

    NEWSLETTERS

    McDonald’s Expands Worker Tuition Benefits, Citing Tax Law
    AP Photo/Rogelio V. Solis
    This Feb. 14, 2018, file photo shows a McDonald's restaurant in Ridgeland, Miss. McDonald’s shares are declining on signs that its value menu may be falling flat with customers.

    McDonald's, citing the new U.S. tax law and the tightening job market, is expanding its 3-year-old education benefits program, tripling the amount of money some workers can get each year to help pay for college or trade school tuition. 

    The fast-food company is also changing its eligibility rules, which it said will double the amount of workers who qualify to 400,000, or about half the people who work at McDonald's in the U.S.

    Other chains, including Starbucks and Chipotle, have given workers bonuses or boosted benefits because of the Republican tax law, which cut the U.S. corporate tax rate.

    McDonald's also hopes the expanded benefit will help attract and keep workers. Large employers have had a hard time attracting and keeping workers because of historically low unemployment rates. 

    Video Shows Officer Rescue Woman From Fiery Ala. Home

    [NATL-MI] Video: Dramatic Rescue From Fiery Alabama Home

    The Oneonta Police Department in Alabama this week released body camera footage of a rescue from a burning building on July 3. Two officers saved two people from the structure fire, according to police.

    (Published Sunday, Aug. 19, 2018)

    "There is a fight for talent all around the world," said McDonald's Corp. CEO Steve Easterbrook.

    McDonald's said Thursday restaurant crew members will be able to get up to $2,500 per year for tuition, an increase from $700. Managers can receive up to $3,000 per year, an increase from $1,050. 

    The company said it has set aside $150 million over five years to pay for the program.