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NYC Fast-Food Workers Picket for More Pay

The protests were part of an effort to unionize restaurant workers


New York CityWorkers at New York City fast food restaurants staged a series of walkouts and protests on Thursday, demanding unionization and higher wages.

As many as 200 workers took part in the labor action at various McDonald’s (NYSE:MCD), Burger King (NYSE:BKW) Yum! Brands’ (NYSE:YUM) Taco Bell and Wendy‘s (NASDAQ:WEN) locations throughout the city, making it largest ever coordinated job protests at fast food restaurants, the New York Times noted.

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The labor protests were backed by Fast Food Forward, an organization that seeks to unionize fast food workers and boost wages to $15 a an hour. City politicians took note of the events, with several mayoral candidates — who are vying to replace outgoing Mayor Michael Bloomberg — praising the protests.

Last week, workers at a number of Wal-Mart (NYSE:WMT) stores nationwide staged walkouts, demanding higher wages and union protection. That effort was also organized by union-friendly groups. Wal-Mart said it had its best Black Friday ever, despite the actions, which affected only a fraction of its 1.4 million U.S. workers.

Shares of McDonald’s, Burger King and Wendy’s rose in Friday afternoon trading, but Yum! Brands’ shares plunged more than 9%.

Article printed from InvestorPlace Media,

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