More than 1,000 jobs have been lost and 35 TGI Fridays branches closed as private equity firms rescue 51 restaurants, leaving remaining staff uncertain about pay and conditions.

More than 1,000 of TGI Fridays' UK staff will be made redundant despite a rescue deal from the owners of restaurant group D&D London. They have bought the UK operator of the American-themed chain, after its owner fell into administration last month.

The high street restaurant chain announced today that it had agreed to a rescue deal from Breal Capital and Calveton UK which will see the firms take on 51 out of its 87 UK TGI Friday sites

TGI Fridays will remain on UK high streets following a rescue deal for the chain, but more than 1,000 staff have lost their jobs with the immediate closure of 35 restaurants. Breal Capital and Calveton UK have acquired 51 restaurants, after the group’s previous operator fell into administration.

TGI Fridays has entered administration, resulting in the immediate closure of 35 restaurants and the loss of 1,000 jobs. However, a deal with Breal Capital and Calveton UK has ensured 51 branches will remain open, saving nearly 2,400 jobs.

Nearly 2,400 jobs at TGI Fridays' UK business have been saved after the American-themed restaurant chain secured a rescue deal. Breal Capital and Calveton have agreed to buy the chain whose UK owner fell into administration last month.

A Doncaster restaurant – one of 87 TGI Fridays branches at risk after the firm behind it collapsed into administration – could be saved, with a rescue deal “nearly agreed,” according to reports.

The future of dozens of TGI Fridays branches and thousands of jobs is at knife’s edge as a rescue deal is thought to be finalised. The American-themed diner collapsed into administration in September,