Yum! Brands’ Pizza Hut Threatened Evacuating Workers With Disciplinary Action

Yum! Brands’ Pizza Hut Threatened Evacuating Workers With Disciplinary Action

A Yum! Brands’ (YUM) Pizza Hut franchise in Florida threatened its employees with disciplinary action if they evacuated ahead of a “24-hour period before storm grace period,” according to an employee memo posted in the restaurant and shared on social media. The memo said employees must return from an evacuation within 72 hours. “Failure to show for these shifts, regardless of reason, will be considered a no call/no show and […]

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Bunge to Buy 70% Ownership Interest in IOI Loders Croklaan for $946 Mln

Bunge to Buy 70% Ownership Interest in IOI Loders Croklaan for $946 Mln

Bunge (BG) said Tuesday it has agreed to acquire a 70% ownership interest in IOI Loders Croklaan from IOI Corporation Berhad for $946 million. Bunge said Loder’s portfolio includes palm and tropical oil-derived products, confectionery, bakery and infant nutrition applications. The company said the transaction will be immediately accretive to cash earnings, with Loders seen generating $105 million of EBITDA in 2018 on a stand-alone basis, plus the transaction is […]

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