25 Mar '11, 12pm

McDonald's taps on productivity fund to upsize profits

McDonald's taps on productivity fund to upsize profits

SINGAPORE: McDonald's Singapore is using technology to upsize profits, by tapping on the productivity fund - a S$16 million pool from the Inclusive Growth Programme. The S$40 million Inclusive Growth Programme was launched in August last year to support firms in rolling out productivity improvement projects and to share the gains with workers. As of end-February, 240 projects have been approved. Nearly 19,000 are expected to benefit from the projects approved so far, with most of the projects from small and medium enterprises. The productivity fund can cover up to half of the costs needed to roll out productivity initiatives. In McDonald's productivity initiative, it has implemented a new cashless system in stores that reduces payment time by a third, as well as an automatic dispenser that reduces the time taken to load french fry baskets by more than half. "It's a fast fo...

Full article: http://www.channelnewsasia.com/stories/singaporebusinessn...

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