Hey guys, everyone in my restaurant just got fired, no notice period no nothing. Anyway any questions you guys have I can answer
Context: 2 new people were chosen to make the decision, financially Carl's Jr. wasn't doing too well so they closed 20 restaurants and 4 are going to be kept up
Mod 30/7 - 20 out of the 49 Stores have closed down. 4 Continue to trade in administration, 25 stores are independently owned and aren't in administration and trade as normal (including all stores in SA).
Based on the initial stages of this assessment, the Voluntary Administrators will continue to trade 4 of the owned and operated CJ’s Group restaurants on a business-as-usual basis. 20 restaurants will be immediately closed as of the date of the appointment.
The appointment of Voluntary Administrators excludes the 25 restaurants independently owned and operated by third-party sub-licensees. These restaurants will be transitioned to a direct licensed relationship with CKE Restaurants Holdings, Inc. (CKE). The Voluntary Administrators anticipate minimal change in the continued operation of these locations.
I am sorry for you and I hope you can get another job real soon.
I assume many Australian are very glad that all these greedy business owners are forced into administration! Rather than just continue to rip us off with their lofty profit margin! Australian are not stupid and will not continue being rip off! The price charged by these restaurants are too much. They need to reduce their gross profit margin to 50-60% rather than 70%.