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March 25, 2020

Golden Corral closes company-operated restaurants due to Covid-19

Golden Corral Corporation has suspended operations of its 35 company-operated restaurants due to Covid-19. 

Golden Corral Corporation has suspended operations of its 35 company-operated restaurants due to Covid-19.

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According to the company, some franchise restaurants will continue to operate across the US, according to the local and state mandates, while several others have temporarily cancelled operations.

The suspension of operations was announced during a virtual town hall meeting with company leaders, coworkers and franchise owners.

During the meeting, Golden Corral CEO Lance Trenary said: “It is truly an emotional and challenging time for our country.

“The realities of the current situation have forced us to make difficult decisions. We know these decisions are impacting the team members who we work shoulder to shoulder with every day.”

The company has laid off 2,290 team members, who consist of restaurant coworkers, managers, field support and company support centre employees.

Trenary added that the company will help restaurant coworkers with food for their families and offer guidance as they seek unemployment.

He added: “We are committed to supporting our friends, colleagues and coworkers during this difficult transition.”

Meanwhile, open franchise restaurants of Golden Corral will implement precautionary measures, including providing sanitiser stations at every restaurant, washing hands every 20 minutes and sanitising food preparation areas every 30 minutes.

In the markets that have imposed dining-in restrictions, operating Golden Corral restaurants will provide carryout, curbside delivery or home delivery.

Founded in 1973 and based in Raleigh, North Carolina, US, Golden Corral is a grill-buffet restaurant chain.

Free Whitepaper
img

What is the impact of China’s Zero-COVID lockdowns on economic activity, consumer goods and the foodservice industry?

While wanting to protect the country from being overwhelmed by Omicron, China’s adherence to a Zero-COVID policy is resulting in a significant economic downturn. COVID outbreaks in Shanghai, Beijing and many other Chinese cities will impact 2022’s economic growth as consumers and businesses experience rolling lockdowns, leading to a slowdown in domestic and international supply chains. China’s Zero-COVID policy is having a demonstrable impact on consumer-facing industries. Access GlobalData’s new whitepaper, China in 2022: the impact of China’s Zero-COVID lockdowns on economic activity, consumer goods and the foodservice industry, to examine the current situation in Shanghai and other cities in China, to better understand the worst-affected industry sectors, foodservice in particular, and to explore potential growth opportunities as China recovers. The white paper covers:
  • Which multinational companies have been affected?
  • What is the effect of lockdowns on foodservice?
  • What is the effect of lockdowns on Chinese ports?
  • Spotlight on Shanghai: what is the situation there?
  • How have Chinese consumers reacted?
  • How might the Chinese government react?
  • What are the potential growth opportunities?
by GlobalData
Enter your details here to receive your free Whitepaper.

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