Pizza Hut plans 29 restaurant closures with hundreds of jobs at risk
Pizza Hut has revealed plans to shut 29 of its 244 UK restaurants, in a restructuring move that will put about 450 jobs at risk.
It said it is negotiating a company voluntary arrangement (CVA) restructuring deal after it faced “significant disruption” from the pandemic.
The Pizza Hut Restaurants group said it has put forward the proposals as “sales are not expected to fully bounce back until well into 2021” despite a quick and safe reopening of sites.
It added the move will not affect operations or jobs at Pizza Hut Delivery or related franchises.
A spokeswoman said: “We are committed to doing the right thing and, in order to secure as many jobs as possible and continue serving our communities, we are working to reach an agreement with our creditors.
“We understand this is a difficult time for everyone involved.
“We appreciate the support of our business partners and are doing everything we can to help our team members during this process, including speaking with those affected by the consultation.”