Leon to close stores and cut jobs in restructure
Summary
Leon, a chain of restaurants, plans to close some locations and reduce its workforce as part of a major reorganization. The company has brought in Quantuma, a firm specializing in managing financial issues, to help with this process. Leon is working to offer affected employees opportunities in stores that will remain open and has a partnership with Pret A Manger for additional job placements.Key Facts
- Leon will close some restaurants and cut jobs in a major reorganization effort.
- The company has appointed Quantuma as administrators for this process.
- John Vincent, Leon's co-founder, recently reacquired the company from Asda.
- No specific store closures have been confirmed yet.
- Leon employs around 1,000 people but hasn't said how many jobs will be lost.
- The focus is on closing the restaurants that perform the worst financially.
- Leon has a job placement program with Pret A Manger for affected staff.
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