Yum Brands Inc (NYSE:YUM) has unveiled a major expansion of Taco Bell, with 2,000 new US branches of the Mexican fast-food outlet pencilled in for 2022.
To get there will require 100,000 new staff on top of the 210,000 direct and franchise staffed employed currently, Brian Niccol, Taco’s chief executive, said.
Taco currently has around 7,000 branches in the US and 250 overseas that generate sales of over US$9bn, but Niccol wants to boost annual revenues to US$15bn.
“Our planned growth over the next six years is going to help us reach $15 billion in global system sales by 2022,” said Niccol.
“With that comes the need to attract and retain top talent so that we’re continuing to deliver the best customer experience possible.”
Taco Bell launched a new initiative called “Start with Us, Stay with Us” earlier this month to encourage staff at the restaurant chain to take advantage of its career and education programmes.
Earlier this week, Yum! Brands completed the split of its china business Yum China Holdings away from the US-listed operation.
Story by ProactiveInvestors