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TGI Fridays secures rescue deal but more than 1,000 UK jobs lost

  • TGI Fridays in the UK has secured a rescue deal with two private equity groups buying 51 restaurants.
  • However, 35 outlets will close resulting in the loss of over 1,000 jobs.
  • Unite, the trade union, criticized the closures and job losses, stating that staff were given no notice or redundancy consultation.
  • The rescue deal aims to provide stability and support for TGI Fridays in the challenging casual dining sector.

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