TGI Fridays axes 1,000 jobs and closes 35 restaurants despite rescue deal

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TGI Fridays axes 1,000 jobs and closes 35 restaurants despite rescue deal

There was no warning of potential redundancies or consultation with those employed by TGI Fridays. (ErithJohn via Getty Images)

Part of restaurant chain TGI Fridays has been bought by private equity firms Calveton and Breal Capital in a deal that will save 51 of the chain’s 87 dining spots. But it’s estimated that, despite the *****, there will be over 1,000 redundancies.

****** administrators at Teneo said the restaurants not included in the ***** have been closed immediately, resulting in 1,012 job losses.

The ***** has come as a shock to the parts of the business that are facing closure. Reports earlier today by hospitality industry union Unite Hospitality said that staff were shut out of sites with the locks changed. Meanwhile, there was no warning of potential redundancies or consultation with those employed by the chain.

Unite tweeted that workers were “invited to head office zoom call with one hour’s notice. Many members haven’t even received the invite.”

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Mass immediate closures at

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across the ***.

Members have been furiously contacting us all morning in response to news that:

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— Unite Hospitality (@FairHospitality)

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The company’s *** chief executive, Julie McEwan said: “The news today marks the start of a positive future for our business following a very challenging ******* for the casual dining sector as a whole. We look to the future with confidence that the TGI Fridays brand will continue to attract loyal and new guests.

“We are devastated for our colleagues who will be leaving TGIs and thank them for their loyalty and contribution during their time with us. We are doing everything possible to retain our team and support those impacted,” she added.

Read more: Stocks to watch ahead of the October budget

The full list of restaurants that will remain open is:

Bluewater

Trafford Centre

Meadowhall

Aberdeen Union Square

Metrocentre

Basildon

Glasgow Fort

Milton Keynes Stadium

Braehead

Wembley

Birmingham NEC

Glasgow

Junction 27

Castleford

Lakeside Quay

Teesside

Bolton

Norwich

St Davids

Doncaster

Lakeside

Fareham

Liverpool One

Stevenage

White Rose

Cribbs Causeway

Rushden Lakes

Stoke on Trent

Southampton

Silverburn

Watford Central

Aberdeen Beach

Braintree

Bournemouth

Stratford

High Wycombe

Cheshire Oaks

Walsall

Milton Keynes

Sheffield

Nottingham

Edinburgh

Coventry

Ashton-Under-Lyne

Telford

The O2

Staines

Crawley

Reading

Cheadle

Leicester Square

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#TGI #Fridays #axes #jobs #closes #restaurants #rescue #deal

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