Sunday, August 17, 2008

Bankruptcy

As some of you may know, the parent company of the Pizza Hut I work for has filed for Bankruptcy. As of this writing, management has assured everyone that in the foreseeable future, there will be no jobs lost and no locations closed. It seems that a major bone of contention is the lease agreements on some of the Pizza Huts that they run (mine is not included in that group) are less than doable since the downturn in the economy, surge in the price of minimum wage labor, and persistent increases in cost of product due to inflation spiraling perilously out of control. Here are two brief news stories that I found and saved to .pdf for you to view:

Article from Bloomberg
Article from Louisville Courier-Journal

More posted as it comes available.

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