Much loved Domino’s Pizza may get hit with a 24% loss to their Australian profits, if they declare it under their new enterprise agreement. This came from a report by Deutsche Bank which they are currently with.
Michael Simotas, an Analyst from the bank showed their current wage agreement expired in June three years ago. They also still do not pay penalty rates, awarding employees to work after 9pm, Monday to Sunday and on public holidays. “While wage cost is technically franchisees’ responsibility, we do not believe they could afford to fund the entire impost without some assistance from Domino’s,” he said.
There are quite a few changes the Australian company will have to make if they are hit with the 24% loss. They will have to reduce their specials such as they’re extra value range pizza menu and cut back the refurbishments to some local stores. However, Domino’s have released a statement saying it has been working with the SDA Trade Union for the past 12 months on a new agreement that will award their employees fairly.
The new agreement plans to feature rates such as 150 per cent on public holidays, 50 per cent on Sundays and 25 per cent on Saturdays. Late work on Monday to Friday, also attracts loadings of up to 15 per cent.
With Christmas fast approaching, it’s time to plan the centrepiece of your festive feast, the Christmas ham! Whether you prefer a traditional smoked option or a deliciously glazed[...]
When it comes to kitchen design, Nobby Kitchens stands head and shoulders above the rest. With decades of experience and a commitment to excellence, they have earned their reputation as the best[...]
Steps2Life has established itself as the best speech therapy clinic in Sydney, renowned for its exceptional care and expertise. With two allied health clinics, located in Parramatta and Regents[...]
C9 Celebrates the Opening of its 25th Chocolate and Gelato Franchise at The Glen, Glen Waverley, Melbourne. In an exciting development for dessert lovers, C9 has launched its 25th franchise at The[...]
