SHANGHAI, Jan. 20, 2022 /PRNewswire/ -- Yum China Holdings,
Inc. (the "Company" or "Yum China",
NYSE: YUMC and HKEX: 9987) announced that the Top Employers
Institute has certified the Company as a Top Employer China for the
fourth consecutive year, with Yum
China the only restaurant company named among the top 20
employers. In 2021, as the challenges of COVID-19 continued,
Yum China adhered firmly to its
"People First" philosophy, further upgrading employee benefits and
striving to support sustainable career development for over 400,000
employees.
"We are proud to be named as a Top Employer China for the fourth
consecutive year, a recognition of our continuous efforts to create
an industry leading sustainable workplace," said Joey Wat, CEO of Yum
China. "We are very grateful to our employees for the
diligence and resilience they have shown in their day-to-day work.
We aim to build a workplace where employees can thrive, while
protecting them and supporting their careers in times of
uncertainty."
Despite the challenges brought by the resurgences of COVID-19
outbreaks in 2021, Yum China
continued to place top priority on the health and safety of
employees and further upgraded employee benefits. This included
upgrading medical insurance coverage for its approximately 10,000
Restaurant General Managers ("RGMs") and upgrading its "Family Care
Fund" plan for the restaurant management team (RMT) and restaurant
service team leaders, helping eligible employees and their families
mitigate the financial risks brought by critical illness. To
further protect the health and safety of employees and customers,
Yum China encourages and rewards
employees to get vaccinated against COVID-19. As of the end of
December 2021, over 90% of all
Yum China employees were fully
vaccinated.
"People is one of the three pillars of Yum China's sustainability strategy. The Company
is committed to accelerating employee growth guided by our
principle of Fair, Care and Pride," said Aiken Yuen, Chief People
Officer of Yum China. "This includes
building employability, creating a diverse and inclusive working
environment, providing competitive benefits, empowering employees
through digitalization and prioritizing occupational health and
safety. We believe that this is essential for companies and
employees to jointly achieve long-term success."
As the leading restaurant company in China, Yum
China serves hundreds of millions of customers each year. As
of the end of September 2021,
Yum China had 11,415 restaurants and
over 400,000 employees in over 1,600 cities across the country. In
recent years, Yum China recruits
about 10,000 fresh graduates a year as restaurant management
trainees. Through a comprehensive and systematic training system, a
new restaurant management trainee may become a restaurant manager
in as short as 18 months.
Promoting gender equality and supporting people with
disabilities are key parts of Yum
China's on-going efforts to foster a professional,
inclusive, and non-discriminatory working environment for
employees. In 2021, Yum China was
named to the Bloomberg Gender-Equality Index (GEI) for the third
consecutive year, the only company from Mainland China to be
included. Meanwhile, Yum China's
"Angel Restaurants" model provides gainful employment opportunities
for people with disabilities. In 2021, Yum
China further expanded its YUMC College program, to offer
continuous education opportunities to employees with
disabilities.
"Reflecting on the demanding year that has, like the year before
it, impacted organizations across the world, Yum China has continued to show that it
prioritizes maintaining excellent people practices in the
workplace. They continue to meet the challenges of the changing
world of work while working tirelessly to make a positive impact on
the lives of their workforce," said David
Plink, CEO of Top Employers Institute.
The Top Employers Institute program certifies organizations
based on the participation and results of their HR Best Practices
Survey. The survey covers six HR domains consisting of 20 topics
including People Strategy, Work Environment, Talent Acquisition,
Learning, Well-being and Diversity & Inclusion and more.
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. 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 "expect,"
"expectation," "believe," "anticipate," "may," "could," "intend,"
"belief," "aim," "plan," "estimate," "target," "predict,"
"project," "likely," "will," "continue," "should," "forecast,"
"outlook," "look forward to" 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. All forward-looking
statements should be evaluated with the understanding of their
inherent uncertainty. You should consult our filings with the
Securities and Exchange Commission (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 Holdings, Inc. is a licensee of Yum! Brands in
mainland China. It has exclusive rights in mainland China to KFC,
China's leading quick-service restaurant brand, Pizza Hut, the
leading casual dining restaurant brand in China, and Taco Bell, a California-based restaurant chain serving
innovative Mexican-inspired food. Yum
China also owns the Little Sheep, Huang Ji Huang, East Dawning and COFFii &
JOY concepts outright. In addition, Yum
China has partnered with Lavazza to explore and develop the
Lavazza coffee shop concept in China. The Company had 11,415 restaurants in
over 1,600 cities at the end of September
2021.
In 2021, Yum China ranked # 363
on the Fortune 500 list and was named to TIME100 Most Influential
Companies list. The Company was also named to the Bloomberg
Gender-Equality Index for the third consecutive year. Yum China has been selected as member of both
Dow Jones Sustainability Indices (DJSI): World Index and Emerging
Market Index. In 2022, the company was certified as a Top Employer
in China by the Top Employers
Institute for the fourth consecutive year. For more information,
please visit http://ir.yumchina.com.
Investor Relations Contact:
Tel: +86 21 2407 7556 /
+852 2267 5801
IR@YumChina.com
Media Contact:
Tel: +86 21 2407 7510
Media@YumChina.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/yum-china-certified-top-employer-china-for-fourth-consecutive-year-honoring-the-companys-commitment-to-employee-care-and-sustainable-career-development-301464699.html
SOURCE Yum China Holdings Inc.