TGI Fridays rescue leads to 1,000 job losses and 35 closures despite private equity buyout

The treatment of staff during this tumultuous rescue has drawn heavy criticism, with reports of workers learning about their redundancies just an hour in advance via cold video calls.

Julie McEwan expressed profound regret, stating, 'We are devastated for our colleagues who will be leaving TGIs and thank them for their loyalty and contribution during their time with us.'

Despite saving 51 restaurants, the closure of 35 branches led to over 1,000 redundancies, raising serious concerns over employee treatment and job security.

The new owners emphasized their commitment to modernizing TGI Fridays and acknowledged the restaurant's rich heritage, indicating a hope for future growth despite unfolding challenges.

Read at Business Matters