Economy
Restaurant industry sees positive sign with wage increase, bonuses to Olive Garden, LongHorn Steakhouse employees
The restaurant industry is seeing some signs that it may be beginning a recovery due to the damage done from the COVID-19 pandemic.
This week, Darden Restaurants who owns several restaurant chains including Olive Garden and LongHorn Steakhouse, announced two new hourly restaurant team member investments.
The company is investing approximately $17 million to provide a one-time bonus for nearly 90,000 hourly restaurant team members. Eligible team members must have worked a minimum of 130 hours during the third quarter (Nov. 30, 2020-Feb. 28, 2021) and bonus amounts will range from $100-$300 depending on average weekly hours over the 13-week period. The bonus will be paid on April 2.
Second, beginning Monday, March 29, every hourly restaurant team member will earn at least $10 per hour, which includes tip income. Darden also stated that they will be increasing minimum pay to $11 an hour in January 2022 and $12 an hour in January 2023.
Since March 2020, the company has invested more than $200 million in programs benefiting team members such as Paid Sick Leave, COVID-19 Emergency Pay, $10/day additional pay to help cover transportation and other costs, as well as covering benefits deductions for team members who were furloughed when dining rooms were closed. The investments also included providing up to four hours of paid time off to receive the COVID-19 vaccine.
Darden’s stock has been rising as of late (up 2.82% on Friday alone) due to strong third quarter numbers.
-
Community7 years ago
National Shrine of La Salette Festival of Lights 2017 set to begin
-
Community6 years ago
Massachusetts State Police looking for good home for retired dogs
-
Crime7 years ago
Fall River ranked most dangerous city in Massachusetts according to report
-
latest7 years ago
Durfee student allegedly overdoses on marijuana
-
Community6 years ago
Video of Fall River Police goes viral
-
Causes6 years ago
Missing Fall River woman found deceased
-
Crime7 years ago
Fall River Police add names to most wanted list
-
Causes6 years ago
Fall River teenager reported missing has been found
You must be logged in to post a comment Login