U.S. government steps up an investigation into Chipotle's hiring practices; in 2010, company fired about 450 employees who could not prove they were eligible to work in the U.S.

Graziela Medina Shepnick

Graziela Medina Shepnick

May 4, 2011 – Associated Press

NEW YORK , May 4, 2011 () – Shares of Chipotle Mexican Grill Inc. slipped in early trading Wednesday after the U.S. government stepped up an investigation into the chain's hiring practices.

THE SPARK: Confirming earlier media reports, the company said U.S. Immigration and Customs officials visited about 25 Chipotle locations around the country, and interviewed managers and supervisors. Chipotle said the visits were spread out across a handful of cities.

THE BIG PICTURE: Chipotle has faced scrutiny over its hiring in the past. In April, the Denver fast food chain disclosed that federal prosecutors were investigating issues related to employee documentation. In 2010, the company fired about 450 employees who could not prove they were eligible to work in the U.S.

The company employs about 26,500 workers, according to FactSet.

SHARE ACTION: Chipotle stock declined as much as 4.2 percent on Wednesday. In afternoon trading, the stock slid 71 cents to $259.70. Chipotle shares have doubled in value over the last year and traded as high as $289.35 in April.

© 2021 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.


About Us

We deliver market news & information relevant to your business.

We monitor all your market drivers.

We aggregate, curate, filter and map your specific needs.

We deliver the right information to the right person at the right time.

Our Contacts

1990 S Bundy Dr. Suite #380,
Los Angeles, CA 90025 795

+1 (310) 558 0008
+1 (310) 558 0080 (FAX)

About Cookies On This Site

We collect data, including through use of cookies and similar technology ("cookies") that enchance the online experience. By clicking "I agree", you agree to our cookies, agree to bound by our Terms of Use, and acknowledge our Privacy Policy. For more information on our data practices and how to exercise your privacy rights, please see our Privacy Policy.