Fast food company Yum Brands Inc. says it will eliminate several hundred jobs and shift a couple hundred more as part of a restructuring of its U.S. business.
Yum spokesman Jonathan Blum said today that several hundred jobs will be eliminated in Louisville, Ky., as well as at Taco Bell's headquarters in Irvine, Calif., and at Pizza Hut's headquarters in Dallas.
Blum said a couple hundred more positions are being shifted from Yum's corporate headquarters in Louisville to the company's brands.
Yum's brands also include KFC, Long John Silver's and A&W.
Blum says the restructuring is part of Yum's strategy to sell more company-owned stores to franchisees. He said employees were notified of the changes Tuesday and Wednesday.
Yum operates all five brands throughout Colorado, and has more than 35,000 restaurants in more than 110 countries and territories.
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