"Pizza Hut has collapsed into administration putting 1,723 jobs at risk and 68 restaurants are at risk. Piza Hut UK restaurant business said 68 dine in venues are to close and as part of a rescue deal 64 sites and 1,277 workers will be saved. Pizza Hut UK announced the acquisition of the Pizza Hut restaurants as part of a pre-packaged administration."
"We are pleased to secure the continuation of 64 sites to safeguard our guest experience and protect the associated jobs. Approximately 1,277 team members will transfer to the new Yum! equity business under UK TUPE legislation, including above-restaurant leaders and support teams. This targeted acquisition aims to safeguard our guest experience and protect jobs where possible. Our immediate priority is operational continuity at the acquired locations and supporting colleagues through the transition."
Pizza Hut UK entered administration, placing 1,723 jobs and 68 restaurants at risk. Sixty-eight dine-in venues are scheduled to close, while a rescue deal preserves 64 sites and 1,277 workers. The restaurants were acquired through a pre-packaged administration and will transfer to a new Yum! equity business. Approximately 1,277 team members will move under UK TUPE legislation, including above-restaurant leaders and support teams. The rescue aims to safeguard guest experience, protect jobs where possible, maintain operational continuity at acquired locations, and support colleagues through the transition.
Read at London Business News | Londonlovesbusiness.com
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