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Friendly officials announced Monday that its location in Augusta was one of 23 northeastern restaurants to be closed immediately. Company representatives stated that employees would be notified of the closure and offered severance pay or other assistance. restaurants in upstate New York, three in Massachusetts, three and Connecticut and two in New Hampshire. Managing Director George Michel said in a letter to franchise owners that the company has been evaluating its restaurants for several months. Michel said in the letter.After the closures, Friendly will have 77 company-owned restaurants and 97 restaurants owned by franchisees.
Friendly officials announced Monday that its location in Augusta was one of 23 northeastern restaurants to be closed immediately.
Company officials stated that employees had been informed before closing and would be offered severance pay or other assistance.
Other sites to close include 14 restaurants in upstate New York, three in Massachusetts, three and Connecticut and two in New Hampshire. All are restaurants owned by the company.
CEO George Michel said in a letter to franchise owners that the company has been evaluating its restaurants for several months.
"Although this decision was difficult, we are confident that this will better position the brand for a bright future," said Michel in his letter.
After closing, Friendly will have 77 company-owned restaurants and 97 franchise-owned restaurants.
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