Note to readers: if you purchase something through one of our affiliate links we may earn a commission. 5 reasons to open a cash back credit card, Refinance your student loans today for big savings — how to get started, Today's mortgage rates stay low overall — with one rate dropping even further, Today's mortgage refinance rates see little change as market clings to historical lows | October 27, 2020. Connect with your community. dataLayer.push(dataLayerNews); Free newsletter "This moment of uncertainty is a call for us to join together to strengthen communities and support those working tirelessly to make the food on the tables of families across America," Hamdi Ulukaya, founder and CEO of Chobani said in a press release. “When this is all over, companies will be judged on how they behaved and how much profit is too much profit,” Chobani President and CEO Peter McGuinness told FOX Business. Chobani has unveiled plans to increase its starting hourly wage from the first quarter of 2021 from $13 to at least $15 an hour, more than double the federal minimum wage ($7.25). TARGET STARTS $15 MINIMUM WAGE IN US STORES. Subscribe, By Elaine Watson The increase will impact hourly employees at Chobani’s headquarters in Norwich, and at its Greek yogurt plants in South Edmeston, New York, and in Twin Falls, Idaho. GELLANEER™ ELA – Gellan gum innovation that maximizes manufacturing and cost efficiency in gel-based applications, 4 Ways Artificial Intelligence Will Transform Food Businesses, Food Manufacturing Metrics That Matter to Production Operations, Sign up to our free newsletter and get the latest news sent direct to your inbox, Carbohydrates and fibers (sugar, starches), News & Analysis on Food & Beverage Development – North America. Subscribe to syracuse.com. for (var i=0; i < aTags.length; i++) } Raising our base starting salary is the right thing to do and we hope other businesses, particularly food manufacturers, feel the same as we all work toward rebuilding our country. Chobani is boosting its starting hourly wage to $15 per hour.

- Last updated on "Businesses should serve the people and communities in which they operate. This will also include any new hires at Chobani. function sanitize_gpt_value2(gptValue) THIS STATE HAS THE LOWEST MINIMUM WAGE IN AMERICA. “This moment of uncertainty is a call for us to join together to strengthen communities and support those working tirelessly to make the food on the tables of families across America," said Hamdi Ulukaya, founder and CEO of Chobani.

}); As a result, Chobani's average hourly rate at its manufacturing plants in South Edmeston, New York, and Twin Falls, Idaho, will be approximately $19 an hour, said the company, which says around 70% of employees are paid hourly. Related tags: What credit score do you need to buy a house? © 2020 Advance Local Media LLC. return vOut; And for employees working in New York City’s Chobani Café, the … $ per hour. Raising our base starting salary is the right thing to do and we hope other businesses, particularly food manufacturers, feel the same as we all work toward rebuilding our country."​. { Raising our base starting salary is the right thing to do and we hope other businesses, particularly food manufacturers, feel the same as we all work toward rebuilding our country.”, Rick Moriarty covers business news and consumer issues. People, This material may not be published, broadcast, rewritten, or redistributed.

The move to double down on employee benefits is contingent on the return on investment, which outweighs the expense, according to McGuinness. vOut += aTags[i].trim().replace(reg, '-').substring(0,40); $(document).ready(function() { ©2020 FOX News Network, LLC. Free newsletter All rights reserved (About Us). The Chobani yogurt company announced Monday an hourly wage increase for starting workers, which will affect employs at the Twin Falls plant. This will also include any new hires at Chobani. Syracuse, N.Y. -- Chobani says it will raise its minimum hourly wage from $13 to $15, starting in the first quarter of 2021. Community Rules apply to all content you upload or otherwise submit to this site. Starting next year, during the first quarter, approximately 70% of all company employees in hourly positions will be guaranteed a minimum starting wage equal to more than double the federal minimum wage of 7.25. In efforts to prioritize people before profit, the greek yogurt company is paving the way for corporate responsibility amid a global pandemic. Hourly employees in New York City, including those who work at the Chobani Café in the SoHo neighborhood of Manhattan, will see an increase in minimum starting wages from $15 to $18 an hour, meanwhile, said founder and CEO Hamdi Ulukaya. And as the number of Americans applying for state unemployment benefits remains at a historic high due to widespread layoffs Chobani’s mission to champion employees first will take on an exceptional spotlight. Plant-based meat, dairy and egg products are gaining traction, from the next generation of burgers and nuggets to oat milk lattes. The wage hike will also bump the salaries of employees working in the company’s manufacturing plants to $19 per hour. vOut +=', '; var aTags = gptValue.split(','); { Contact him anytime: Email | Twitter | Facebook | 315-470-3148. Chobani’s pay raises also comes as the economy wrestles to recover from a coronavirus-induced recession and as many corporations have announced mass layoffs. Powered and implemented by FactSet Digital Solutions. ", CLICK HERE TO READ MORE STORIES ON FOX BUSINESS, Trump says Biden's plan to raise minimum wage would hurt small businesses, What Blake Shelton, Gwen Stefani’s potential prenup could look like: expert, Stock futures fall on COVID concerns, Europe faces lockdowns, Personal bankruptcies expected to rise in 2021 as stimulus ends. dataLayerNews.related_tags = sanitize_gpt_value2("Chobani"); Healthy Foods, var reg = new RegExp('\\W+', "g"); And for employees working in New York City’s Chobani Café, the minimum wage will be raised well over the city’s $15 minimum wage to $18 per hour in order to meet the area’s high cost of living. vOut = vOut.toLowerCase(); Market data provided by Factset.

“We hope other businesses, particularly food manufacturers, look at their starting wages and increase them – not just because they can, but because they should. Got a tip, comment or story idea?

Manufacturers, Webinar 28-October-2020.

All rights reserved. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Advance Local. And it’s not an expense, it’s an investment that will make businesses stronger.”. } Mutual Fund and ETF data provided by Refinitiv Lipper. Chobani has unveiled plans to increase its starting hourly wage from the first quarter of 2021 from $13 to at least $15 an hour, more than double the federal minimum wage ($7.25). if(i!=(aTags.length-1)) FAQ - Updated Privacy Policy. Quotes displayed in real-time or delayed by at least 15 minutes. The wage hike will also bump the salaries of employees working in the company’s manufacturing plants to $19 per hour. “Businesses should serve the people and communities in which they operate. To date, around 22 million Americans lost their jobs since the start of the pandemic, and only half of those have been recovered so far. Syracuse, N.Y. -- Chobani says it will raise its minimum hourly wage from $13 to $15, starting in the first quarter of 2021.

contact, 26-Oct-2020

Subscribe "Businesses should serve the people and communities in which they operate. As a result of the increase, Chobani’s average hourly rate at the facilities will be about $19 an hour, according to the company. Dairy, MCDONALD'S PUSHES FOR HEALTHIER HAPPY MEALS. Legal Statement. dataLayerNews = {}; Registration on or use of this site constitutes acceptance of our User Agreement, Privacy Policy and Cookie Statement, and Your California Privacy Rights (each updated 1/1/20). Seventy percent of the 1,100 people Chobani employs in South Edmeston and Norwich, and the 1,000 it employs in Twin Falls are paid hourly. In addition to healthcare benefits and a company-sponsored retirement plan, Chobani offers: Copyright - Unless otherwise stated all contents of this web site are © 2020 - William Reed Business Media Ltd - All Rights Reserved - Full details for the use of materials on this site can be found in the Terms & Conditions, Related topics: On average, the hourly rates raise will land at around $19 per hour. Trump and Biden spar over raising the federal minimum wage and struggling small businesses amid the coronavirus pandemic. Sign up to our free newsletter and get the latest news sent direct to your inbox. Chobani increases his starting hourly wage to $ 15 an hour. Employees already making more than $15 an hour will see their pay increase by comparable amounts, the company said. Starting next year during the first quarter, around 70 percent of all company employees in hourly roles will be guaranteed a floor starting wage at more than double the federal minimum wage of $7.25 per hour. Chobani A Chobani employee stacks boxes of Greek yogurt at the company's plant in South Edmeston.Chobani, LLC. var vOut=""; Whether it’s through increased productivity, lower turnover rates at manufacturing plants or higher profits, the Idaho-based yogurt giant’s standpoint on “doing good” is mutually exclusive with “strong business.” As a result, there will be no cost passed down to consumers, according to the company. 26-Oct-2020 at 18:49 GMT.