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IN BRIEF: Tasty To Make 32% Of Workforce Redundant

Fri, 03rd Jul 2020 13:47

Tasty PLC - London-based restaurant owner - Due to anticipated drop in footfall as a result of continued restrictions has made 284 staff members, reflecting 32% of its workforce, redundant across restaurants and head office. Exploring way to minimise costs and strengthen balance sheet, including the raising of new debt or equity, and discussing terms with landlords.

Current stock price: 2.90 pence

Year-to-date change: down 24%

By Dayo Laniyan; dayolaniyan@alliancenews.com

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