MONTEVIDEO, Uruguay--(BUSINESS WIRE)--
As part of International Youth Day celebrations, Arcos Dorados, the world’s largest McDonald’s franchisee operating in 20 countries in Latin America and the Caribbean, reinforces its commitment to be a catalyst for social mobility by bringing career opportunities and training to young people.
“The incorporation of young people in the labor market is a fundamental issue for organizations and society. As Latin America’s largest generator of first time jobs, we believe in young people because we trust their entrepreneurial spirit, work ethic and enthusiasm as they welcome the millions of customers who visit McDonald's restaurants every day,” said Diego Benenzon, VP of Human Resources at Arcos Dorados.
In 2016, the World Bank developed a research report on the so-called "ni-nis": young people who neither study nor work. The report showed that one in five young people in Latin America, who represent more than 20 million people aged between 15 and 24, live this reality due to rising social inequality. Against this backdrop, Arcos Dorados carried out a survey with Trendsity consulting to better understand the barriers young people face when seeking formal employment. The conclusions highlight that 91% of 1,800 Latin American youths surveyed believe it is necessary that society trusts their capabilities and talents, however only a third of respondents believe that society actually trusts their capabilities and talents.
Arcos Dorados is uniquely positioned to make a positive impact on the lives of the region’s youth by bringing career opportunities and training to young people. At present, it employs over 82,000 people in Latin America and the Caribbean, more than 73,000 of which are between the ages of 16 and 25.
These young people learn, work, study and then continue their professional careers both within the Company and at subsequent employers. Arcos Dorados gives them a first job opportunity that enables them to learn the norms and methodologies of teamwork in a highly demanding operation, and acquire relevant experience to advance their professional lives.
Arcos Dorados invests significantly in training, which the Company considers to be a key part of youth development. In this regard, the Company provide flexible schedules to enable young people to continue academic studies that will boost their professional prospects.
Young people are the future, and as a part of the community, Arcos Dorados is proud to take a leadership role in collaborating to eliminate barriers that young people face in finding their first job. Please see the Arcos Dorados 2016 Social and Environmental Impact Report for more information on the Company’s commitment to youth employment: http://www.arcosdorados.com/img/editorial/comunidad/AD_informe_eng.zip
About Arcos Dorados
Arcos Dorados is the world’s largest
McDonald’s franchisee in terms of systemwide sales and number of
restaurants, operating the largest quick service restaurant chain in
Latin America and the Caribbean. It has the exclusive right to own,
operate and grant franchises of McDonald’s restaurants in 20 Latin
American and Caribbean countries and territories, including Argentina,
Aruba, Brazil, Chile, Colombia, Costa Rica, Curaçao, Ecuador, French
Guyana, Guadeloupe, Martinique, Mexico, Panama, Peru, Puerto Rico, St.
Croix, St. Thomas, Trinidad & Tobago, Uruguay and Venezuela. The Company
operates or franchises over 2,100 McDonald’s-branded restaurants with
over 90,000 employees and is recognized as one of the best companies to
work for in Latin America. Arcos Dorados is traded on the New York Stock
Exchange (NYSE: ARCO). To learn more about the Company, please visit the
Investors section of our website: www.arcosdorados.com/ir
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