In a statement released today, 7-Eleven said the new agreement delivers significant benefits to franchisees and includes a range of financial benefits as well as increased compliance, governance and oversight initiatives.
The convenience store was forced to reevaluate its operations after revelations of widespread under-payment of employees.
Interim 7-Eleven CEO, Bob Baily, said “the overwhelming majority of franchisees signing up to the new agreement was a positive step forward and it gives us great confidence for the future.
“7-Eleven and our franchisees are working cohesively to ensure our stores are good places to work and provide customers with the service, products and great value deals they have come to expect.
“An important aspect of the new agreement is a commitment to increased compliance, governance and oversight arrangements relating to store operations and workplace obligations,” Baily said.
The company said the small number of stores yet to sign the new agreement have until February 1, 2016 if they wish to do so.