For belt-busting burritos, tacos, and burrito bowls sans the torilla but all of its delicious contents there’s only one place you can go in the great U.S of A and that’s the Mexican food-chain called Chipotle. Aside from satisfying its customers belly with savory dishes, the Mexican eatery has also satisfied the pockets of those on Wall Street. Since going public in 2006, the Denver-based Mexican burrito and taco eatery has seen an impressive rise on Wall Street due to its shares mounting to impressive heights since 2006. This past Tuesday, Chipotle shares were trading at around $247 more than twice their worth back in January of 2010.
Due to its eco-friendly image which goes in hand with their funky and unique designs of every eatery spotted around the states, Chipotle has also attracted customers due to their pledge to always buy and serve organic goods. Aside from having nearly 1,100 locations across the U.S, Chipotle plans to open up another 135 locations throughout the states. However, with great success comes great controversy.
Recently, the popular food chain has found itself in some recent trouble with the government after a recent probe of a Minnesota chain led by the Immigration Authorities resulted in the firings of hundreds of workers. After the U.S Immigration and Customs Enforcement Agency (ICE) audited the fast food chain, the workers at some of the 50 restaurants were let go after phony-looking I-9 forms were uncovered. The purpose of I-9 forms is to confirm whether a worker can is eligible to work in the U.S.
The Chipotle Crackdown is the product of President Obama’s immigration policy which focuses on the process taken by employers during the companies’ hiring practices, and Chipotle itself has been targeted by ICE since a majority of audits against companies’ hiring processes has been targeted at small businesses. The company may have to lay off more of its employees from 60 different locations, when investigators uncover more fraudulent documents when they expand the investigation to Washington, D.C and Virginia.
In response to the recent reports, Chipotle spokesman, Chris Arnold states that Chipotle, “has been doing more than is required by reviewing two documents for each hired individuals,” during the interviewing process to ensure that they can work at their establishment. Well, while the boys in ICE printed vests continue the crackdown Chipotle continues to be the empire of tacos and burritos since it is still opening more chains around this great United States.