Fancy earning your daily bread at a Chicken place? Amidst recession thralls and unemployment blues, a food chain has announced the availability of 9000 jobs in the next 3-5 years. Household name KFC is setting the ground for 200-300 new food outlets in Britain and Ireland. And the whole exercise is going to set the fried chicken experts back by £100-150 million. Although the move is not expected to make a significant difference to the unemployment scenario, it surely offers a ray of hope for people who are on the verge of bankruptcy and are looking to evade it. KFC's announcement comes at a time when revival seems improbable till 2010. However, it has to be noted that this plan is long-term and there is a high possibility that the economy will recover before the impact of this initiative is registered.
Close on the heels of this announcement comes a warning from the CBI Business Group that the economy might shrink by 3.3% this year. Translated, this means business will look to cut corners further and chop down their workforce. Investments will decrease by 9.2% this year, followed by 1.7% next year. It paints a bigger, gloomier picture for the crunch-battling Brit, who has been hoping for some respite this year or the next. Right now, we can pray that KFC inspires other names to cook up some heartwarming potion for the cash-starved citizens of UK.
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