Duvar English
Turkish İş Gıda A.Ş., which operated franchises for KFC and Pizza Hut across Turkey, on Feb. 12 announced it would start layoffs after it declared bankruptcy due to debts amounting to 7.7 billion TL.
The company employs over 7,000 workers, whose wages and benefits went unpaid following the declaration.
In a written statement, the company announced, “Due to the unilateral termination of our partnership with Yum! Brands, we were forced to close all our restaurants and cease customer services.”
İş Gıda A.Ş. stated that it had opened 537 restaurants in 35 cities in just four years, investing all profits in opening new KFC and Pizza Hut locations under Yum! Brands’ guidance.
The company said it…