London – July 3: Bad news comes from companies in the country after the British economy recorded its quarterly contraction in the first quarter of this year since 1979. Casual Dining Group, the country’s most famous restaurant chain, went bankrupt.
In the company, there were restaurant chains such as Café Rouge, Bella Italia, Belgo, Las Iguanas, and Huxleys.
Casual Dining Group, one of the UK’s leading restaurant groups, announced that it was bankrupt.
Nearly Two Thousand People Will Remain Unemployed
In the statement, the group stated that 91 of the 250 branches of the group serving under different restaurant brands will be closed, and 900 of the Six thousand people will be laid off.
It was stated that negotiations were held for the sale of restaurants and that 150 restaurants were planned to continue operating in this process.
ON THE OTHER HAND, BEFORE THE RESTAURANT GROUP DECLARED BANKRUPTCY, IT EMPLOYED 6 PEOPLE IN 250 BRANCHES ACROSS THE COUNTRY.
Yesterday, Byron, one of England’s famous fast-food chains, announced that it was bankrupt and that 1,200 people would be fired.
The Hardest Contraction Since 1979
Since the beginning of the week, many important companies of the country such as Arcadia, EasyJet, Airbus, Upper Crust, Accenture, Virgin Money, TM Lewin have reported that about 12 thousand people will be laid off.
The British economy recorded its sharp contraction in the first quarter of this year, at 2.2 percent, on a quarterly basis since 1979.
Leading data for May in the UK show that 612 thousand people lost their jobs in the country.
According to the latest data in the country, 9 million people benefit from the British government’s salary support in the quarantine process.
A report by the University of Essex Social Economic Research stated that more than 6.5 million people could lose their jobs due to the economic deterioration caused by the epidemic in England.