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Yum Brands has had to make difficult decisions of late. It just recently sold troubled A&W and Long John Silver's fast food chains. Now during the week of Thanksgiving, the franchisor conglomerate announces that its Taco Bell brand will cut 105 corporate jobs.
Thirty of those jobs represent the elimination of open, unfilled positions with Taco Bell, while the remaining 75 are layoffs of staff members. Same-store sales were flat in the first quarter, before declining 5 percent in the second quarter and decreasing 2 percent for the Sept.3-ended third quarter… According to Nation's Restaurant News' Top 100 census, Taco Bell had grown its systemwide sales steadily before the consumer lawsuit in January caused its current slump. For fiscal 2010, Taco Bell reported U.S. systemwide sales of $6.9 billion, compared with $6.8 billion in 2009 and $6.7 billion in 2008. [via Nation's Restaurant News]