SHANGHAI, Jan. 19,
2024 /PRNewswire/ -- Yum China Holdings, Inc. (the
"Company" or "Yum China", NYSE: YUMC
and HKEX: 9987) has been named by the Top Employers Institute as a
Top Employer China for the sixth consecutive year. Ranked fourth
overall among more than 150 companies included in the list,
Yum China again placed first in the
restaurant industry. This accolade highlights the Company's
outstanding performance in key areas such as People Strategy,
Digital HR, Working Environment and Career Development. It also
reflects Yum China's "People First"
philosophy and commitment to providing an excellent working
environment and experience for its employees.
"To be named a Top Employer China for six consecutive years is a
testament to our unwavering commitment to our people," said
Joey Wat, CEO of Yum China. "At the heart of our success lies our
'Fair, Care, and Pride' principle, which includes nurturing a
vibrant and inclusive culture that supports our team members'
growth and our company's progress."
Jerry Ding, Chief People Officer
of Yum China, said, "With a diverse
team of over 400,000 people, our employees are the cornerstone of
the company's growth and resilience. Our talent strategy, centered
on a vision of healthy and sustainable growth, is significantly
enhanced by our embrace of technological innovation. This strategy
deepens our dedication to employee care, reinforcing Yum China's position as a leader in the
restaurant industry."
Yum China is committed to
fostering a diverse, inclusive and non-discriminatory working
environment, enabling its people to unleash their potential
regardless of their gender or background. By end of 2023, female
employees represented more than 50% of the Company's total
workforce. The Company also prides itself on being at the forefront
of the industry in ensuring fair and competitive compensation and
benefits. This includes providing an equity incentive plan for
Restaurant General Managers (RGMs), allowing them to share in the
company's growth and success. Since its inception in 2016, the
program has awarded Restricted Stock Units (RSUs) to over 13,000
RGMs. In addition, the Company's comprehensive "YUMC Care" benefit
plan offers tailored benefits according to life stage and
individual needs.
Yum China's suite of learning and
development programs actively support the career development and
growth of employees. Key initiatives include structured career
advancement opportunities for restaurant operations team members
and specialized training for marketing and supply chain management
trainees. In 2023, the Company launched its "Yum China Bytes &
Bites Program" to offer working opportunities to approximately 80
students from leading Chinese universities at Yum China's Digital
Research Centers, integrating cutting-edge technology with
practical industry experience. Yum
China also provides a supportive and inclusive environment
for employees with special needs through its "Angel Restaurants"
initiative. As of the end of June
2023, KFC China has 46 "Angel Restaurants" in 42 cities,
employing over 200 individuals with special needs.
Embracing new technologies remains a key factor underpinning
Yum China's recognition as a Top
Employer China. As a pioneer in digital transformation, the Company
has leveraged AI to optimize demand forecasting, inventory
management, crew scheduling, and production to empower frontline
managers, while helping to promote more sustainable business
growth.
Forward-Looking Statements
This press release contains "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of
1934, including
statements regarding the Company's business strategy
and capital allocation strategy. We intend all
forward-looking statements to be covered by the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements
generally can be identified by the fact that they do not relate strictly
to historical or current facts
and by the use of forward-looking words
such as "goal,"
"expect," "expectation," "believe," "anticipate," "may," "could," "intend," "belief," "plan," "estimate," "target," "predict," "project," "likely," "will,"
"continue," "should" or similar
terminology. These statements are based on current estimates and assumptions made by us in light
of our experience
and perception of historical trends,
current conditions and expected future developments, as well as other factors
that we believe are appropriate and
reasonable under the circumstances, but there can be no assurance
that such estimates and assumptions will prove to be correct.
Forward-looking
statements are not guarantees of performance and are inherently subject to known
and unknown risks
and uncertainties that are difficult to predict and
could cause our actual results or events to differ materially from
those indicated by those statements. We cannot assure you that any
of our
expectations, estimates or assumptions will be achieved. The forward-looking statements included in this press release
are only made as of the date of
this press release,
and we disclaim any obligation to publicly update
any forward-looking statement to reflect subsequent events or circumstances,
except as required by law. Numerous
factors could cause our actual results
or events to differ materially from those expressed or implied by forward-
looking statements. In addition, other
risks and uncertainties not presently known
to us or that we currently believe
to be immaterial could affect the accuracy of
any such forward-looking statements. All forward-looking statements
should be evaluated with the understanding of their inherent
uncertainty. You should consult our filings
with the SEC
(including the information set forth under
the captions "Risk Factors" and "Management's
Discussion and Analysis of Financial Condition
and Results of Operations" in our Annual Report on Form 10-K
and subsequent Quarterly Reports on Form
10-Q) for additional detail about factors
that could affect our financial and other results.
About Yum China Holdings, Inc.
Yum China is the largest
restaurant company in China with a
mission to make every life taste beautiful. The Company has over
400,000 employees and operates over 14,000 restaurants under six
brands across 1,900 cities in China. KFC and Pizza Hut are the leading
brands in the quick-service and casual dining restaurant spaces in
China, respectively. Taco Bell
offers innovative Mexican-inspired food. Yum China has also partnered with Lavazza to
develop the Lavazza coffee concept in China. Little Sheep and Huang Ji Huang specialize in Chinese cuisine.
Yum China has a world-class,
digitalized supply chain which includes an extensive network of
logistics centers nationwide and an in-house supply chain
management system. Its strong digital capabilities and loyalty
program enable the Company to reach customers faster and serve them
better. Yum China is a Fortune 500
company with the vision to be the world's most innovative pioneer
in the restaurant industry. For more information, please visit
http://ir.yumchina.com.
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SOURCE Yum China Holdings, Inc.