About Car Dealership
A car dealership or vehicle local distribution is a business that sells new or used cars at the retail level, based on a dealership contract with an automaker or its sales subsidiary. It employs automobile salespeople to sell their automotive vehicles.
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Frankie and Benny's owner to cut up to 3,000 jobs
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Frankie and Benny's owner to cut up to 3,000 jobs
The Corona-Virus pandemic has claimed a further 3,000 UK jobs after the Restaurant Group confirmed plans to shut down 125 of its stores.
The Company said The Axe would fall mainly on its Frankie and Benny's restaurants, but other chains such as Garfunkel's and Chiquito is also affected.
Meanwhile, fashion chain, Quiz, has announced its stores in administration, putting jobs At Risk .
He Said his loss-making shops were currently "financially feasible".
"Very difficult" conditionsThe Restaurant Group , is restructuring part of its business, an insolvency procedure known as a company voluntary arrangement (CVA).
as well as the closures of some of its Restaurants, The Company said it would try to negotiate the rent and terms on a further 85 sites.
The Restaurant Group 's chief executive, Andy Hornby , said: "The proposed regulation relating to the CVA provides a correspondingly large plot of land for our leisure business to ensure We Are well positioned, despite the very difficult market conditions due to the casual dining area. "
The Restaurant Group is also part of the Wagamama restaurant chain, but this will not be the restructuring affected.
"Quiz" said that it would return to its 82 branches in the UK and Ireland in the management before you buy so you can negotiate better lease terms with your landlord.
He Said some of 822 employees from a total of 915, the transfer to the new company would.
"Quiz' s chief executive, Tarak Ramzan, The Company said the shops were already challenges in front of the Corona-Virus outbreak, as less people shopping in the store.
However, He Said that "the significant economic uncertainty that we face now, as consumers and businesses resulting from the COVID-means 19 pandemic" that The Group had to be restructured.
The Corona-Virus outbreak and the subsequent blocking of thousands of Jobs has prompted across the British economy.
On Tuesday, Debenhams, said another 300 jobs would go, and in the last few weeks, Rolls-Royce, British Airways , EasyJet and the dealership spectators have announced extensive Cuts .
retailing, coronavirus pandemic, restaurant group, companies, food industry, company voluntary arrangement
Source of news: bbc.com
