August 28, 2008
BBC reports on how the credit crunch and rising food and fuel costs are having an impact the costs for snack firms.
Mars has become the latest snack firm to admit the credit crunch is eating into its business.
The Snickers bar and M&Ms maker said it would be raising the wholesale price of its goods to offset rising raw material, packaging and energy costs.
The news came days after fellow US firm Hershey raised its product prices.
Mars also said it would be cutting the size of some of its goods. In the UK, a number of firms have shrunk snack sizes to stave off price rises.
So we can expect our chocolate bars to get smaller (or get more expensive).
July 25, 2008
BBC reports on how “ethical” fish restaurant pays its staff below the minimum wage, making up the difference with the tips staff earn from customers.
The “ethical” fish restaurant group, Loch Fyne, pays staff salaries below the minimum wage, the BBC has learned.
It relies on customer tips to boost total pay to a lawful level, along with a growing number of restaurants.
Loch Fyne champions marine conservation, and proclaims a corporate philosophy of “an enterprise with respect for animals, people and ecology.”
What they are doing is not illegal, many consider it unethical.
Like many business organisations there main reason is to keep costs down in a competitive business environment.