Business

Pizza Express to axe 1,300 UK jobs after Covid-19 hits sales



Pizza Express is planning to cut 1,300 more jobs across its UK restaurants after Covid-19 restrictions caused sales to fall.

The restaurant chain said the losses would come from its 370 outlets in Britain – through compulsory and voluntary redundancies.

The cuts come just weeks after the business said it would axe 1,100 roles and shut 73 outlets via a Company Voluntary Agreement (CVA) process.

The chain said its city centre sites had been “particularly hard-hit” by a recent slump in footfall, although a number of suburban and out-of-town locations had seen more resilient trading.

It said no further restaurant sites would shut as part of its latest cuts, which will see job losses spread across restaurants.

The announcement comes as food and drink businesses across the country battle to stay afloat amid the Covid-19 pandemic.

Restrictions in different parts of the UK have strongly hampered sales.

Zoe Bowley, managing director at Pizza Express, said: “Our aim throughout these extremely challenging times has been to keep our team members and customers safe and to retain jobs for as long as possible.

“Unfortunately, the recent increase in Covid-19 cases is again causing footfall to decline across the UK.

“As this is expected to continue for some months, we sadly need to make changes that will impact more of our team members.

“Our people remain at the heart of our business and we are doing what we can to support those who are affected.

“We believe that this difficult decision will give us more resilience through the next six months and help us to continue serving our customers in our restaurants and at home in the years ahead.”

READ  Coronavirus: Luxembourg taken off UK travel exemption list

Last month, Pizza Express creditors approved a Company Voluntary Arrangement (CVA) restructuring deal, which it said would heavily reduce its debt pile and plough £144m of new funding into the company.



READ SOURCE

Leave a Reply