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Reading: TGI Fridays secures rescue deal – however with lack of greater than 1,000 jobs
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Michigan Post > Blog > Business > TGI Fridays secures rescue deal – however with lack of greater than 1,000 jobs
Business

TGI Fridays secures rescue deal – however with lack of greater than 1,000 jobs

By Editorial Board Published October 7, 2024 2 Min Read
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TGI Fridays secures rescue deal – however with lack of greater than 1,000 jobs

TGI Fridays will stay on UK excessive streets after a rescue deal was secured for the restaurant chain – however greater than 1,000 employees have misplaced their jobs. 

Thirty-five eating places are closing instantly after they weren’t included within the sale, leading to 1,012 redundancies.

It means almost 2,400 jobs have been saved throughout the chain.

Commerce union Unite stated on X that employees had been shut out of eating places with padlocks on the doorways modified, whereas others have been invited to a video name with members of the top workplace with one hour’s discover.

Different staff stated that they had not been informed whether or not or not they are going to be paid, in keeping with the commerce union.

TFI Fridays’ mum or dad firm Hostmore stated it was submitting for administration final month attributable to debt issues.

The eating places being saved are:

BluewaterTrafford CentreMeadowhallAberdeen Union SquareMetrocentreBasildonGlasgow FortMilton Keynes StadiumBraeheadWembleyBirmingham NECGlasgowJunction 27CastlefordLakeside QuayTeessideBoltonNorwichSt DavidsDoncasterLakesideFarehamLiverpool OneStevenageWhite RoseCribbs CausewayRushden LakesStoke-on-TrentSouthamptonSilverburnWatford CentralAberdeen BeachBraintreeBournemouthStratfordHigh WycombeCheshire OaksWalsallMilton KeynesSheffieldNottinghamEdinburghCoventryAshton-Underneath-LyneTelfordThe O2StainesCrawleyReadingCheadleLeicester Sq..

“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’re doing all the pieces attainable to retain our group and help these impacted.”

New personal fairness house owners Breal and Calveton collectively personal upmarket restaurant chain D&D London, and between them have had investments in Byron Burger and wine bar chain Vinoteca.

TAGGED:dealFridaysjobsLossrescuesecuresTGI
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