EconomicPolicyJournal.com: The Minimum Wage Kills Again: Pizza Hut Closing As Many as 500 Dine-In Restaurants
Posted by M. C. on August 8, 2019
https://www.economicpolicyjournal.com/2019/08/the-minimum-wage-kills-again-pizza-hut.html
Pizza Hut is closing as many as 500 dine-in restaurants.
They are moving to a less labor-intensive format.
“We are leaning in to accelerate the transition of our Pizza Hut U.S. asset base to truly modern delivery/carryout assets,” said David W. Gibbs, president, chief operating officer and chief financial officer for Yum! Brands, in an Aug. 1 earnings call.
–RW
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