A news summary focused on 10 big employers.
YUM wants to trim its workforce in advance of spinning off its China division, and has offered an unspecified number of employees early retirement deals at its Louisville corporate office and its three main divisions: KFC, Pizza Hut and Taco Bell. Yum employs about 1,000 at its corporate office and KFC domestic division. The fast-food giant would not disclose terms of the offers or a timetable. Overall, the company employs 505,000 workers. Yum agreed to separate its China division in October 2015, and has said it wants to complete the separation by Oct. 31 (WDRB).
KFC: The restaurant industry is awash in chicken, with the top 250 chains adding some 325 new chicken items during the 12 months ended June 30, according to research from Technomic. By comparison, only 73 new beef items were added in the same period as consumers turn to healthier, less fatty meat (CNBC).
PIZZA HUT is offering free pizzas today to anyone who shares the last name of the country’s Olympic-award winning badminton player P.V. Sindhu, who won a silver on Thursday. The chain had earlier made the same offer to customers with the same last name as Sakshi Malik, who won a bronze in wrestling. The players are the nation’s only medal winners in the Rio games, which end tomorrow (Business Standard).