Yum! Brands China has been named one of the "Top
10 Best Employers in China” by China Central
TV (CCTV). In addition, Yum! is the only restaurant company to receive
CCTV’s "Company with
Most Leadership Charisma” award for Yum!’s
efforts to positively develop both its workforce and the communities in
which its restaurants operate. Yum! Brands China Division is part of
Yum! Brands, Inc. (NYSE: YUM), the world’s
largest restaurant company in terms of system units and the parent to
the KFC, Pizza Hut, Taco Bell, Long John Silver’s
and A&W All-American Food brands.
"Our strategy is to be the leader in every
foodservice category in China,” said Sam Su,
President, Yum! Restaurants China. "We are
focused on the tremendous growth opportunity we have with KFC, Pizza Hut
and other concepts. We have a major strategic advantage with our team in
place in Shanghai, our own distribution system and our development group,”
added Su.
CCTV’s third annual ranking of top companies
named Yum! Brands China as one of the overall top 10 best employers in
China. In addition, CCTV awarded Yum! with the title, "Company
with Most Leadership Charisma,” for Yum’s
efforts to train and develop its workforce, as well as the economic
development and positive contributions the Company provides to the 450
cities in which its more than 2,500 KFC and Pizza Hut restaurants
operate in China. Yum! Brands is the only restaurant company to receive
the award.
"We’re honored to
be named one of the best employers in China and recognized for
developing our employees and giving back to the community,”
said Christabel Lo, Chief People Officer, Yum! Restaurants China.
Lo added, "The rating reflects the passion
and dedication of the Customer Maniacs in our restaurants to provide the
best products and service to our customers every day as well as our
commitment to develop and train our employees and give back to the
communities in which we operate.” Yum! Brands
has more than 160,000 employees in mainland China. More than 80 percent
of the Company’s restaurant general managers
in China have college degrees or above.
Yum! Brands is focused on building dominant China brands in every major
category. Yum!’s China Division (includes
mainland China, Thailand and KFC Taiwan), based in Shanghai, has been
reported separately since the beginning of 2005 due to its size, unique
strength and importance. The China Division operates across 450 cities
in mainland China, with 2,140 KFC quick service restaurants, 351 Pizza
Hut casual dining restaurants, and 53 Pizza Hut Home Service units. It
also has created and is testing East Dawning, a quick service restaurant
concept serving Chinese food. The Company outpaces its nearest
competitor by more than 1,000 restaurants in China, and is outpacing
their development by a roughly 3:1 pace. In 2007, the Company’s
China Division added a record 471 new-restaurant openings and delivered
30 percent operating profit growth. Recent Chinese government studies
indicate the middle class in mainland China is over 250 million people,
with an economy growing in the low double-digits, creating significant
long-term demand for the Company’s brands and
rapid new-unit development.
Yum! Brands Inc., based in Louisville, Kentucky, is the world's largest
restaurant company in terms of system restaurants with over 35,000
restaurants, which includes over 2,000 licensed restaurants, in more
than 100 countries and territories. Four of the company's restaurant
brands -- KFC, Pizza Hut, Taco Bell and Long John Silver's -- are the
global leaders of the chicken, pizza, Mexican-style food and
quick-service seafood categories respectively. Yum! Brands is the
worldwide leader in multibranding, which offers consumers more choice
and convenience at one restaurant location from a combination of KFC,
Taco Bell, Pizza Hut, A&W or Long John Silver's brands. The company and
its franchisees today operate over 3,500 multibrand restaurants. Outside
the United States in 2007, the Yum! Brands' system opened about three
new restaurants each day of the year, making it one of the fastest
growing retailers in the world. For the past four years, the company has
been recognized as one of Fortune Magazine's "Top 50 Employers for
Minorities." It also has been recognized as one of the "Top 50 Employers
for Women" by Fortune, one of the "40 Best Companies for Diversity" by
Black Enterprise Magazine for the past three years, one of Black
Enterprise Magazine's "30 Hottest Franchises for 2006," one of the
"Corporate 100 Companies Providing Opportunities for Hispanics" by
Hispanic Magazine, one of the "Top 50 Corporations for Supplier
Diversity" by Hispanic Trends Magazine and by BusinessWeek as one of the
"Top 15 Companies for In-Kind Corporate Philanthropy."
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