LOUISVILLE, KY (WAVE) - Louisville-based Yum! Brands is cutting jobs as part of a major corporate overhaul.
The company plans to slash 600 corporate positions in the U.S. and internationally by the end of 2016. Some of the cuts will be made through attrition and voluntary retirement, but other employees will be let go. A small percentage of the workforce reductions this year are due to involuntary position eliminations.
The company says it plans to switch to a franchise-based store model with 98 percent of Pizza Hut, Taco Bell and KFC locations to be run by independent franchise owners by 2018.
"As we sell over 2,000 company restaurants around the world through refranchising and become a leaner, efficient business, an additional 1,500 above-restaurant corporate roles will be impacted by the end of 2018," according to a company statement. "We're committed to treating all impacted employees with dignity and respect."
The company has not released information about the number of local employees who would be affected.