Pizza Hut has announced plans to shut 29 of its 244 UK restaurants, putting around 450 jobs at risk.
The move comes after a string of offers were announced to support sales after the Eat Out to Help Out scheme came to an end.
A Pizza Hut Restaurants spokeswoman said: “We are committed to doing the right thing, and in order to secure as many jobs as possible and continue serving our communities, we are working to reach an agreement with our creditors.
“While we are likely to see 29 Hut closures and 450 job losses, any measures we take aim to protect about 5,000 jobs at our remaining 215 restaurants, as well as the longevity of the business.”
Pizza Hut said it can’t yet confirm exactly which branches are at risk.
She added: “We understand this is a difficult time for everyone involved.
“We appreciate the support of our business partners and are doing everything we can to help our team members during this process, including speaking with those affected by the consultation.”
Pizza Hut said it is negotiating a company voluntary arrangement (CVA) restructuring deal after it faced “significant disruption” from the pandemic.
The Pizza Hut Restaurants group said it has put forward the proposals as “sales are not expected to fully bounce back until well into 2021” despite a quick and safe reopening of sites.
It added the move will not affect operations or jobs at Pizza Hut Delivery or related franchises.
Pizza Hut is far from alone in cutting back on its High Street presence.
Earlier this month Pizza Express announced 73 restaurants would close permanently.
Yo Sushi, Byron Burger, Ask Italian and Zizzi have also said restaurants are closing recently, while Las Iguanas and Carluccios have both filed for administration since lockdown begain.