MINNEAPOLIS — The Pillsbury Co. said that it will eliminate 60 positions at the Dallas headquarters of its S&A Restaurant Corp. as the subsidiary explores the sale of three restaurant chains.
The cuts from the 435-person work force at S&A headquarters are indirectly related to the decision to put the developmental restaurant "concepts" of Bay Street, Key West Grill and Innovative Food Services up for sale, said Johnny Thompson, Pillsbury's communications director.
Potential buyers for the restaurants include S&A managers, he said.
The 3-year-old Bay Street chain is the oldest of the trio. There are 17 Bay Street restaurants and three Key West Grill restaurants. Innovative Food is a new operation that services food to hotels and other businesses, Thompson said.
The company said it believes that S&A can improve its long-term financial performance by concentrating on its two core restaurant chains--Bennigan's and Steak and Ale.
