Question
Workers-rights advocates and unions blasted Loblaw Cos. after the country's biggest grocery chain raised its dividend Thursday but continued to resist reinstating COVID-19 hero pay
"Workers-rights advocates and unions blasted Loblaw Cos. after the country's biggest grocery chain raised its dividend Thursday but continued to resist reinstating COVID-19 "hero pay" (an extra $2.00 an hour ended mid-June after introducing it in March) for its employees. Loblaw boosted its quarterly dividend to 33.5 cents per share, from 31.5 cents, after announcing third quarter earnings jumped to $342 million, up from $331 million in the same period last year. A senior official with the Unifor union which represents roughly 7,000 Loblaw workers across the country didn't mince words." "It's despicable," said Chris MacDonald, grocery sector assistant to Unifor president Jerry Dias. "We have workers going in every day and risking their health at a time when the COVID numbers are higher than ever." Toronto Star, 13 Nov 2020, JOSH RUBIN BUSINESS REPORTER Loblaw Cos. stated (CORE) values include: Care: Improving the health and well-being of all Canadians. Ownership: Approaching every day with personal accountability and commitment. Respect: Acting with integrity, respect and openness every day. Excellence: Leading together through innovation and superior performance.
Is Loblaws acting ethical? Are they demonstrating a corporate social responsible company? Elaborate
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started