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McDonalds raises pay in China - 8/7/2007 4:07:24 PM

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BEIJING - McDonald’s is boosting pay to most of its 50,000 staff in China by an average of 30 percent, the company confirmed Tuesday.

About 95 percent of the company’s employees in China will receive raises of between 12 and 56 percent, the official China Daily said, citing McDonald’s China Chief Executive Jeffrey Schwartz.

“We have raised salaries in China many times, but this is the first time there is such a large increase covering so many people,” Schwartz was quoted as saying.

http://www.msnbc.msn.com/id/20159210

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