P.F. Chang's CEO on worker shortages amid labor slump: 'Still understaffed in some locations'
P.F. Chang’s CEO on worker shortages: ‘Still understaffed in some locations’
P.F. Chang’s CEO Damola Adamolekun on staffing shortages as demand remains strong.
P.F. Chang’s, known for its Asian fusion cuisine, is not an exception to the nationwide staffing woes challenging businesses across the board. The restaurant joins many in the industry that are struggling to secure workers.
Damola Adamolekun, the CEO of P.F. Chang’s joined "Varney & Co." Friday to discuss how the company is navigating the shortage and the spike in digital business as a result of COVID.
"We had to look at ourselves as an industry and make sure that we’re being competitive on pay, being thoughtful about employees as people and making sure that we are attractive places for people to choose to come to work," Adamolekun told FOX Business host Stuart Varney.
The labor shortage is the latest crisis to rock the food and service industry after nearly two years of COVID-related lockdowns, which led to closed dining rooms and shuttered businesses.
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"You look at kind of pre-pandemic to now, you know, the labor participation is down materially. It’s down from about 63.5% to 62.3% in the latest jobs report. So that’s almost 2 million people that left the labor force," Adamolekun explained.