Like Rubbing Salt Into The wound: KFC Is Still Losing IDR 298 Billion, And Is Being Protested By Employees

JAKARTA - Fast food restaurant company KFC Indonesia managed by PT Fast Food Indonesia Tbk (FAST) is going viral because earlier this week, workers who are members of the Solidarity Struggle of Indonesian Workers (SPBI) SBT Fast Food Indonesia held a demonstration in front of KFC's headquarters in Gelael, MT Haryono, Jakarta.

The demonstration held on Monday, April 12 by its employees urged that Fast Food management issue a wage payment policy as appropriate. Employees are also demanding Fast Food to refund wages that have been held back by the company.

To date, Fast Food Indonesia has not released its performance as of December 2020. However, based on the company's financial statements as of September 2020, the company posted a loss for the current period of IDR 298.33 billion.

The condition was inversely proportional to the profit position of IDR 175.7 billion in the same period last year. The loss was caused by a correction in revenue by 28.47 percent on an annual basis to only IDR 3.59 trillion.

Fast Food Indonesia's largest revenue is still recorded by food and beverage sales to third parties which contributed IDR 3.54 trillion, followed by CD consignment sales of IDR 41.5 billion until the end of the third quarter of 2020.

Based on its geographical segment, the company's revenue comes mostly from the Jakarta restaurant support center (RSC) which contributes IDR 1.28 trillion, followed by other RSC worth IDR 1.11 trillion, and RSC Makassar of IDR 417.35 billion.

Director of Fast Food Indonesia Justinus Dalimin Juwono during a virtual public expose on December 10, 2020, said that the losses suffered by the company until the first nine months of this year will likely continue until the end of 2020.

But he is confident that recovery will begin in early 2021. He also stated that the company will open new brand store outlets as many as 25 outlets, with projected sales of IDR 7 trillion.

On the other hand, the company also disables many outlets located in shopping center buildings and other properties because of the policy of the manager of the building where the outlets are located.