The Wendy's Company (NYSE:WEN) announced plans to join its World Headquarters in Dublin, Ohio. As a result, the company will close its Atlanta Restaurant Support Center operations in late 2012 and move at least 170 positions to Ohio.
Over the past three years, Wendy's has operated restaurant support centers in both Dublin and Atlanta. Combined, the headquarters move and the consolidation will result in about 220 new jobs at the Dublin Restaurant Support Center.
Wendy's now plans to invest extra capital to expand its corporate offices and meeting space in Dublin to accommodate positions currently based in Atlanta.
Wendy's President and Chief Executive Officer Emil Brolick said, "While this was a difficult decision considering the excellent employees we have in Atlanta, I believe it is important to bring our entire restaurant support center together in one location. This action will help us strengthen collaboration and teamwork as we grow our iconic brand."
Wendy's/Arby's Group (NYSE:WEN) has potential upside of 19.7% based on a current price of $5.01 and an average consensus analyst price target of $6
