Hashtag: #KentuckyFriedChicken
KFC Seeks Judicial Review In Union Matter
Saying they disagree with the Ministry’s proposed course of action, KFC has submitted an application to the Bermuda courts seeking a judicial review in their ongoing dispute with the BIU. A statement from KFC said, “As KFC has publicly maintained for some time, it is of the view that involuntary binding arbitration is not the appropriate... Read more of this article
Video: Union Lifts Boycott Of KFC Bermuda
The Union’s boycott of KFC Bermuda has been lifted effective immediately, Bermuda Industrial Union President Chris Furbert said this afternoon [May 22]. The boycott had been in place since April 13, 2012, although whether it had any substantial impact on KFC’s business sales is unclear. The BIU has been embroiled in an ongoing dispute with... Read more of this article
BIU President: KFC Using “Backdoor Approach”
[Updated with video] Bermuda Industrial Union President Chris Furbert held a press conference today [May 18] to discuss the ongoing dispute with KFC Bermuda. Mr Furbert said KFC is changing the name of the company from “KFCB” to “KFCO”, and changing the employee’s insurance policies on June 1. “We are very concerned... Read more of this article
KFC Respond To BIU’s Boycott Call
[Updated] KFC Bermuda has responded to the BIU’s call for a boycott of their establishment, saying “that action will only serve to damage the employment prospects for KFC’s employees who the BIU purport to represent.” Yesterday [Apr.12] BIU President Chris Furbert said, “If the agreement is not reinstated by 3pm today, then... Read more of this article
KFC & BIU: “Commit To Discussions”
This afternoon [Dec.23] KFC and the BIU issued a joint statement saying they “commit to engage in significant discussions,” and the Department of Labour has agreed to provide facilitation services. The statement also said that both parties will “enter a quiet period while discussions are ongoing through at least 16th January 2012 and... Read more of this article
BIU & KFC Heading To Arbitration
BIU President Chris Furbert said that the Union and Kentucky Fried Chicken will be heading to arbitration, as both parties have not reached an agreement. Speaking at a press conference this afternoon, Mr Furbert said the copy of the memo received by the BIU last week Friday was “incomplete,” and speaking with KFC yesterday afternoon they... Read more of this article
KFC: ‘Sustainable’ Changes Needed
Kentucky Fried Chicken issued a statement about the recent cancellation of their agreement with the Bermuda Industrial Union, saying that modification of the agreement is necessary for the company to be sustainable over the long term, and needed for the continuation of the business and preservation of existing employment. On Tuesday [Dec.20] BIU President... Read more of this article
Videos: KFC Cancels Union Agreement
[Updated with videos] Union members descended on KFC this afternoon [Dec.20], after BIU President Chris Furbert held a press conference and said Kentucky Fried Chicken cancelled the collective bargaining agreement on Friday [Dec.16], and about 36 employees are affected. Mr Furbert said, “I want to say to the country, that today is a sad day for... Read more of this article
KFC: First Half Sales Decline By $81k
In a report to shareholders, Kentucky Fried Chicken (Bermuda) Limited said their first half gross sales declined by $80,970 compared to the prior year. The statement released said they have “not been immune to a general weakness in discretionary consumer spending with half year sales declining for a second consecutive year.” KFC said they... Read more of this article
Kentucky Fried Chicken Delists From BSX
The Bermuda Stock Exchange confirms the delisting and last trade date of Kentucky Fried Chicken (Bermuda) Limited common shares. Further to the announcement of 15 July, 2011, regarding the intention of Kentucky Fried Chicken (Bermuda) Limited to delist the Company’s common shares from the BSX, the BSX advises that, in keeping with the requirements... Read more of this article
Kentucky Fried Chicken To Delist From BSX
In a filing with the Bermuda Stock Exchange [BSX] Kentucky Fried Chicken (Bermuda) Limited gave notice of intent to delist the Company’s common shares from the BSX. The notice reads: “At today’s Annual General Meeting of Kentucky Fried Chicken (Bermuda) Limited a significant majority of shareholders (81%) voted in favour of delisting the Company... Read more of this article
“Challenging Year” Sees KFC Sales Decline
Kentucky Fried Chicken (Bermuda} said fiscal 2011 was a “challenging year” for the company as declining sales combined with increased staff costs resulted in a decline of $89,925 (-44.7%) in operating income. The Chairman’s Letter to Shareholders said, “KFC has endured a rocky start to fiscal 2012 and continues to see a downward... Read more of this article
KFC Bermuda: Declining Sales & Profitability
Kentucky Fried Chicken (Bermuda) Limited has released the Chairman’s Letter to Shareholders, which says their “disappointing trend of declining sales and profitability” saw 2011 operating income decline by 44% from 2010 to the lowest level in many years, and full year net income down by approximately 28% year-over-year. KFC said they “asked... Read more of this article
