Chipotle Mexican Grill Inc.
CMG,
announced Wednesday plans to hire 19,000 additional employees to prepare for what it dubs “burrito season.” The seasonal hires, which is 27% more than the 15,000 hired last year, is in preparation for its busiest time of the year, from March to May. The fast-casual restaurant also announced new benefits that will help eligible employees pay off student debt while saving for retirement, have access to premium banking services, have access mental health resources and to manage financial wellness. The company said that with more than 73% of workforce part are Gen Z, the new benefits cater to that younger generation, born in the late-1990s through the early-2000s. The stock, which was indicated up about 1% in very light premarket trading, has soared 25.2% over the past three months while the S&P 500
SPX,
has gained 14.5%.
