Fast-Food Unionization Targets McDonald’s & Others, Zucker New CNN Worldwide Chief: Consumer Biz Wrap
What might be the largest campaign to unionize domestic fast-food workers is underway as employees of a number of restaurants walked off their jobs Thursday morning in New York. The movement has the endorsements of several community and civil rights groups and has recently recruited 40 full-time organizers to sign up workers at McDonald’s Corporation (NYSE:MCD), The Wendy’s Company (NYSE:WEN), Taco Bell (NYSE:YUM), and other fast-food sites across the city. One demonstrator, Hector Henningham, 40, a worker who said he has worked for McDonald’s for eight years and made $8 per hour, explained that “We can’t pay rent, pay bills. We need change.’’
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CNN Worldwide (NYSE:TWX) reports that the veteran news producer and former NBC Universal chief Jeff Zucker will become its president in January, succeeding Jim Walton who has been the unit’s chief since 2003. As president, Zucker will manage 23 branded news and information divisions including CNN’s domestic television network, HLN, CNN International, and CNN Digital, which includes CNN.com, one of the leading news websites in the world.
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