By mid-April, more than two dozen Burger King restaurants in Michigan, all managed by the same limited liability corporation, will permanently close.
EYM King of Michigan LLC stated in a WARN (Worker Adjustment and Retraining Notification) letter that it thinks the conclusion of the 26 closures, which began more than a week ago, will occur “on or about” April 15 and will eventually result in the loss of 424 jobs.
The WARN notification for the firm, dated March 22, was published on the website of the Michigan Department of Labor and Economic Development.
California houses a Burger King restaurant.
The affected Burger King restaurants are located in Detroit and nearby cities such as Livonia, Southfield, Royal Oak, and Flint, according to an exhibit accompanying the notice.
In the announcement, EYM claimed “unforeseen business difficulties and inability to achieve a settlement” as the cause for their closure. A firm official declined to comment to FOX Business on what they were.
BURGER KING OWNER, OTHERS SELL SHARES RAPIDLY IN HOPEFUL SIGN FOR IPOS
Monday morning, local news agencies such as the Detroit News and Fox 2 Detroit revealed the story.
Burger King informed FOX Business, “We are aware of the incident but cannot comment at this time due to current litigation.”
According to the most recent 10-K report filed with the Securities and Exchange Commission by Restaurant Brands International (RBI), there will be more than 19,700 Burger King restaurants worldwide by the end of 2022. According to RBI’s website, nearly all Burger Kings are “owned and operated by independent franchisees.”