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2012, May 22

Fastfood Chain to Cut Expenses with Automation

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Fastfood Chain to Cut Expenses with Automation

by CFO Innovation Asia Staff, 30 November 2010
topics:
Compensation and Benefits Human Capital Management Management
tags:
automation Cafe de Coral Holdings minimum wage
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Fast-food chain Cafe de Coral Holdings plans to introduce further automation in its system to cut expenses amid surging food and labour costs, reports the South China Morning Post.

 

The company predicts its costs will increase by US$15 million (HK$120 million) annually when the new minimum wage takes effect. The company employs 16,000 people.

 

"We expect that rising costs in food materials, rent and labour may result in a decrease in earnings next year," the Post quotes Chairman Michael Chan Yue-kwong as saying.

 

According to Chan, the company would slash expenditure by deploying automated systems, sourcing raw materials globally and enhancing central processing productivity.

 

 

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