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Threat to 4,500 jobs as TGI Fridays goes into administration

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By Minipip
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4,500 employees are at risk of job losses as a result of the administration of TGI Fridays' UK operator.

Due to financial difficulties and significant losses, the chain's owner, Hostmore, a hospitality firm, has decided to put 87 of its restaurants up for sale.

To maintain the brand and support employment, it intends to close a deal by the end of September.

 

(Sources: bbc.co.uk)


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