FDL: Chipotle to Goldman Sachs: Exploited Workers = More Money for YOU!

[Omaha Steve]

http://my.firedoglake.com/phoenix/2011/03/15/chipotle-to-goldman-sachs-exploited-workers-more-money-for-you/

By: Phoenix Woman Tuesday March 15, 2011 5:21 pm

The executives that run Chipotle would probably make excellent ventriloquists. A necessary skill of ventriloquism is to be able to talk out of both sides of one’s mouth, and from what a recent SEIU press release shows, they have that skill down pat (emphases mine):

In the wake of a December 2010 I-9 Audit, Chipotle lost nearly half of their workforce in the Minneapolis, MN area. Investment analysts familiar with the restaurant industry immediately expressed concerns about the corporation’s ability to remain profitable with labor issues in Minnesota – their concerns were only furthered with the confirmation of an additional audit of Chipotle stores in Virginia and the District of Columbia.

However, it’s become clear that while Chipotle once called the audits “disruptive”, they have managed to turn a devastating situation into an opportunity to exploit workers. Following a meeting between Goldman Sachs officials and Chipotle co-CEO Monty Moran and CFO Jack Hartung, Goldman Sachs released a report outlining Chipotle’s financial condition. According to the Goldman Sachs analysis, Chipotle reported that, “The financial ramifications of replacing illegal workers may be overblown. The newly hired workers in Minnesota actually cost less than those they replaced.”



FULL story at link.

[Dawson Leery]

1. I have never been to the "Chipotle Mexican Grill" and I never will.