Sizzler to close all remaining restaurants with 600 employees set to lose their jobs
Sizzler has become the latest victim of the coronavirus crisis.
The family restaurant chain which has been in Australia for 35 years will close its doors on November 15.
Parent company Collins Foods made the announcement to the ASX on Friday morning, stating its 600 staff nationwide would have been offered redundancies.
‘This has been a difficult decision for Collins Foods, especially given the impact of it will have on dedicated Sizzler employees and customers in Australia,’ Collins Foods CEO Drew O’Malley said.
‘As a casual dining concept, and unlike Collins Foods’ KFC and Taco Bell restaurants, Sizzler revenues and earnings have been slow to recover from peak COVID-19 impacts, and the overall Sizzler business has continued to operate at a loss since the onset of the crisis.’
Sizzler has become the latest victim of the coronavirus crisis and will close down in November