Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
The Restaurant Group, the UK-based hospitality business has announced almost 1,500 job redundancies across the country.
The Group will permanently close 61 of its 80 branches of Chiquito restaurants in the UK, which had entered administration, and 11 Food and Fuel pubs in London. Restaurants and pubs are currently temporarily closed because of the COVID-19 pandemic.
A spokesperson for the Group said that Covid-19 had had significant impact on business performance in recent weeks and thanked employees for their hard work and commitment in these difficult times.
The Restaurant Group operates about 650 restaurants and pubs in the UK under a variety of different brands.
Update 04/06/2020
The Restaurant Group has announced that it will permanently close 100-120 of its sites when the COVID-19 restriction end, putting up to 3,000 jobs at risk of redundancy. Most of the affected sites are under the Frankie & Benny and Garfunkel's brands. The total number of redundancies is now at 4,500. In february, the group had already announced restaurant closures but they were planned for a longer time horizo, six years, while now the closure will take place by the end of 2021.
Eurofound (2020), The Restaurant Group, Closure in United Kingdom, factsheet number 100185, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/100185.
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