Seventy-one percent of the 111 restaurant companies that participated in an online study by Dallas-based People Report said they were closing units or reducing the number of new openings, but they noted that most of the downsizing has already occurred.
“We interpret the results of this survey to indicate that a lot of the worst misery could be behind us,” said People Report senior analyst Victor Fernandez. “While there are not a lot of operating executives willing to promise any employee that they are not going to lose their jobs in 2009, there is still a note of cautious optimism in these results.”
Any break in these storm clouds is welcomed? Are you ready for the coming boom?
