ST. JOHN'S, April 19 /CNW/ - Restaurant operators have little to cheer
about in Newfoundland and Labrador's budget. In an enviable surplus
position due to high oil and mineral prices, the government has instead
chosen to spend money towards another election campaign.
"This budget is a lost opportunity," says Luc Erjavec, Atlantic Canada
Vice President for the Canadian Restaurant and Foodservices Association
(CRFA). "Government spending has increased dramatically, with little
benefit to the hundreds of restaurants in the province that employ
Newfoundlanders and stimulate economic activity in nearly every
community in the province. Unfortunately, this budget will do little to
drive down Newfoundland's stubbornly high unemployment rate."
Newfoundland's restaurant industry:
is one of the province's largest employers, with nearly 15,000
employs 4,500 people under the age of 25, representing 16% of total
generates total sales of $790 million; and
encompasses more than 1,000 restaurants, caterers and bars.
According to a recent Ipsos poll for Kraft Foodservice Canada and CRFA,
22% of Canadians were first employed by the restaurant industry.
CRFA is one of Canada's largest business associations, with more than
30,000 members representing restaurants, bars, caterers, institutions
and other foodservice providers. Canada's $60-billion foodservice
industry employs more than one million people in communities across the
SOURCE Canadian Restaurant and Foodservices Association
For further information:
Luc Erjavec, 902-209-0804 (cell) or firstname.lastname@example.org; Prasanthi Vasanthakumar, Communications Specialist, 1-800-387-5649, ext. 4254 or email@example.com