Whitbread to Cut 1,500 Jobs as It Shifts Focus from Restaurants to Hotels

Whitbread, the owner of popular restaurant brands such as Beefeater and Brewers Fayre, is set to make significant changes. The company plans to close more than 200 branded restaurants and shift its focus toward expanding its Premier Inn hotel business. As part of this restructuring, 1,500 jobs are at risk, subject to consultation.

The Strategy Behind the Cuts

Whitbread aims to optimize its portfolio by selling 126 less profitable restaurants and converting 112 others into new hotel rooms. This strategic move will add over 3,500 hotel rooms across its estate. The company believes that this investment will support its business growth in the coming years.

Whitbread logo

A Challenging Decision

Dominic Paul, Whitbread’s chief executive, acknowledged that the job cuts were difficult but emphasized that they were necessary to drive the company forward. The changes are part of a three-year £150 million cost-cutting program.

A Strong Hotel Focus

Whitbread’s decision reflects the changing landscape in the hospitality industry. While its in-house restaurants continue to perform well due to strong hotel occupancy, the broader pub and eating-out market has seen a drop in demand. By converting restaurants into hotel rooms, Whitbread aims to pursue hotel expansion with lower investment.

By Zane Lee

Zane Lee is a talented content writer at Cumbernauld Media, specializing in the finance and business niche. With a keen interest in the ever-evolving world of finance, Zane brings a unique perspective to his articles and blog posts. His in-depth knowledge and research skills allow him to provide valuable insights and analysis on various financial topics. Zane's passion for writing and his ability to simplify complex concepts make his content engaging and accessible to readers of all levels.

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts