The Restaurant Group is shutting down of over 130 stores, axes 3,000 jobs

The Restaurant Group has just confirmed that it will cut up to 3,000 jobs.

The foods company known for its iconic diners said it will also close 125 Frankie & Benny’s restaurants.

The firm behind Chiquito and Wagamama says it will enter into a insolvency procedure known as a company voluntary arrangement that will allow it to restructure its business by closing some unprofitable restaurants.

All these actions are compounded by the Coronavirus pandemic outbreak. However, the Restaurant Group has already been struggling to remain as a going concern.