In a statement to the ASX, Domino’s chief executive Don Meij again hit back at claims the franchise business model relied on underpayment of wages, saying it had “zero tolerance” for unethical behaviour, including underpayment of wages or under-reporting of sales. *Ventes selon la certification^Mise en rayon selon la certificationxNon précisé par la certification. © 2020 KegWorks. Mr Meij said Domino’s expects franchisee profitability to increase to somewhere between $138,000 and $145,000 — after management fees are taken out — this financial year, and the average store payback was three to five years.
DOMINO’S has sought to calm investors at its half-year results update, revealing it has returned $4.5 million in unpaid wages to staff over the last three years following internal audits. Mr Meij said there were only 21 unprofitable franchisees in the network last financial year, and they had been provided with various kinds of assistance including rent relief, marketing, operational and loyalty support. “Our priority is to ensure team members receive their correct entitlements, and our efforts to prevent, identify and address any breaches of this expectation are unrelenting.”.
US Presidential debate live updates: Trump V Biden reaction,... Christine Holgate: True cost of Australia Post CEO’s Cartier... Gladys Berejiklian aide: Stronger Communities Fund grant doc... Australia Post: Employee takes cheeky gibe at CEO Christine ... Find out more about our policy and your choices, including how to opt-out. “But what I can measure is that our system sales are very strong, [and] most of our growth is from internal franchisees who do understand the profitability model,” he said. Asked about analysts’ fears that the latest wages scandal may hurt Domino’s public image and impact its ability to attract new franchisees, Mr Meij said he “can’t comment on things that I can’t measure today”. Sign Up For Special Offers, News, Updates And More. “We have been acutely aware of the likely impact of a new enterprise agreement and have been implementing changes to our business to prepare for this,” Mr Meij said. Privacy Policy
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DOMINO’S has sought to calm investors at its half-year results update, revealing it has returned $4.5 million in unpaid wages to staff over the last three years following internal audits. View Image. KegWorks is more than just a website.
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