Wildwood operator Tasty has completed the process of reducing its workforce by 32%, making 284 staff redundant.

In an update to the London Stock Exchange, the restaurant operator said the redundancy process was “substantially complete,” adding that it remains “extremely cautious” regarding trade in September as it continues to explore ways to minimise cost.

It has continued a phased reopening of its estate, principally to take advantage of the Eat Out to Help Out scheme, and expects to have up to 48 sites (approximately 86% of its estate) trading by the end of August.

Most of the remaining restaurants are not planned to re-open for the foreseeable future and the company has said that some of the restaurants which are currently open may need to close again should they not reach expected trading levels.

“The company has experienced a positive level of sales this month to date, temporarily supported by the increase in people staying in the UK this summer, government initiatives and pent up demand following the relaxation of lockdown restrictions since March, however, the board expects future trading to remain challenging,” it said in a statement to the LSE.

“The board remains extremely cautious regarding trading in September and is continuing to explore ways to minimise costs and to strengthen the balance sheet including the possibility of new debt and/or equity capital.

“Discussions are also continuing with landlords and trade creditors to reduce current and future liabilities.”