Restaurant News Roundup, 3/21/2020
Domino’s will hire 10,000 workers to meet delivery demand during the coronavirus outbreak, with Domino’s CEO saying in a statement the restaurant chain not only wants to feed people during the crisis but also provide jobs for those “…looking for work at this time, especially those in the heavily-impacted restaurant industry.” Read more here: https://www.washingtonpost.com/business/2020/03/19/pizza-delivery-pandemic-dominos-is-hiring-10000-workers-during-outbreak/
How food delivery companies adapt in a Covid-19 world will determine the future of the restaurant industry, which employs nearly 16 million people and is rapidly shrinking. The National Restaurant Industry Association estimates the coronavirus could cost the industry 5 million-7 million jobs over the next three months. Read more here: https://www.investors.com/news/food-delivery-companies-feed-on-coronavirus-stock-market-crash/
Famed NYC restaurateur and Shake Shack Founder, Danny Meyer, says it will take at least a month to recruit his teams and train them before he can reopen his restaurants after the coronavirus pandemic is over. His comments, to CNBC, came two days after laying 2,000 workers. Read more and watch the video interview here: https://www.cnbc.com/2020/03/20/danny-meyer-going-to-take-a-month-to-recruit-team-back-and-train-them.html
The National Restaurant Association is asking for a $145 billion recovery fund for operations and wages to help stem billions of dollars in losses and massive unemployment caused by the coronavirus pandemic. Read more here: https://www.marketwatch.com/story/national-restaurant-association-forecasts-225-billion-loss-up-to-7-million-jobs-lost-due-to-coronavirus-2020-03-20
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