A massive restaurant now closes locations in Colorado after announcing several of its chains will shutter nationwide.
TGI Fridays confirmed Wednesday that it was closing 36 “underperforming locations” in 12 states as “part of the brand’s ongoing growth strategy.”
The company also announced it was selling eight previously corporate-owned restaurants in the northeast to its former CEO Ray Blanchette.
The company said it had offered more than 1,000 transfer opportunities as part of the store closures, representing more than 80% of impacted employees.
New Jersey had the most closures with 7, followed by Massachusetts with 6, New York with 5 and Texas and Virginia with 4 each.
There were also closings in California, Colorado, Connecticut, Florida, Maryland, New Hampshire and Pennsylvania.
The following TGI Fridays in Colorado have now closed:
- LONGMONT, CO: 125 Ken Pratt Blvd, Longmont, CO 80501
- DENVER, CO: 8104 Northfield Blvd, Denver, CO 80238
Each of the stores that were shut down on Tuesday had a printed sign with similar language posted.
“We regret to inform you that Fridays has made the difficult decision to close our doors at Corpus Christi effective January 2, 2024,” a sign posted at the now-closed Corpus Christi location explained.
“Unfortunately, we do not have a nearby location, but look for us in airports and other cities across the country.”
While the locations that closed Tuesday are no longer listed on the company’s directory, “404 Error” pages now appear if you go to their former websites from Google.
According to the company’s website, there are over 850 TGI Fridays restaurants in more than 55 countries.
As of October 2023, there were 278 in the U.S., according to the data company ScrapeHero.
Also Read: A Massive Bank Now Closes Several Branches in Florida
Other Economy News Today
A massive delivery company now plans unexpected layoffs for 2024 as it seeks to reduce sorting operations at a major U.S. hub.
UPS plans to lay off an undisclosed number of employees as it shutters a package sortation shift at its Centennial ground hub in Louisville, Kentucky, on February 16.
“In our industry, packages equal jobs, and we need to match capacity and the number of jobs with current package volume,” the company said in an emailed statement.
The company grappled with declines in package volume over the past several quarters and is attempting to win back volume that it lost during contract negotiations with the International Brotherhood of Teamsters in the summer, reports SupplyChainDive.
The closure of the facility’s day sort affects any employee assigned to those operations, although some impacted workers will have the opportunity to move to other positions, a UPS spokesperson said Tuesday.
UPS disclosed the layoff plans less than a month after the Teamsters said the company laid off about 35 specialist and administrative workers at the hub.
UPS quickly reinstated the affected employees after the union threatened to strike over the layoffs, which impacted workers that recently organized with the Teamsters.
Teamsters Local 89, which represents more than 2,000 UPS workers at the hub, said in a statement Friday that it has meetings scheduled with the company to gather more details about the impending closure of the hub’s day sort.
Since that shift “is a relatively small operation,” most of its volume can likely be absorbed into other existing sorts, the union said.
“With [the hub’s] natural turnover rate, as well as the likelihood of the work being moved to the larger sorts, Local 89 does not anticipate a massive impact on our membership beyond shift and schedule changes,” the union said.
Also Read: A US Company Now Declares An Unexpected Bankruptcy
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