More Crumbs: McDonald's Raises Worker Tuition Aid Citing GOP Tax Bill
[Townhall] McDonald's announced Thursday that it is expanding its "Archways to Opportunity" education benefits program for its workers, tripling the amount some employees qualify for each year for college tuition. The company will allocate $150 million to the global program over five years.
According to a statement from McDonald’s, there will also be a change in eligibility rules for the program which will allow 400,000 U.S. restaurant employees accessibility to the program.
The tuition assistance for McDonald’s crew members will be raised from $700 to $2,500 per year and will go up from $1,050 to $3,000 for restaurant managers.
The company explains that the expansion of their program was "accelerated by changes in the U.S. tax law."
Posted by: Besoeker 2018-04-02 |