The pizza chain has been hit hard by the UK government’s plan to slash the number of NHS hospitals by 1,000 and has been forced to cut staff, slashing sales and selling off assets in order to survive.
The pizza chain said it would now be investing about £50m in its operations in the UK, in order for it to survive in the face of the cuts, which the government has called the “most radical reduction of the NHS in its history”.
Nick’s Pizza’s CEO, Nick Boles, said: “It’s a tough time for everyone, including the staff, but we believe we have a strong plan to get our businesses back to profitability.”
This is a tough sell for everyone who’s worked at the business, and we know it’s going to be difficult for us to stay in business in the future, but our long-term strategy is to remain in the business and we believe this is the right time to invest in our businesses.
“Nick’s said the plan would allow the chain to reopen a few of its factories and reduce costs, but it will be a long, difficult process.
Nick’s has always provided high quality and high value for money in the area of the food we serve, and its food team is committed to delivering an outstanding service to patients and our customers.””
We have been very fortunate to work closely with the UK Government over the years, and our commitment to the NHS has always been strong,” he said.
“Nick’s has always provided high quality and high value for money in the area of the food we serve, and its food team is committed to delivering an outstanding service to patients and our customers.”
In a statement, Nick’s said it was looking to “reduce costs, simplify processes and create efficiencies”.
“Our aim is to return to profitability within 12 months,” it said.
It added that it would not have to change the way it delivered its food and products if it had been successful in the past.
Nick’s operates in the country of Great Britain and was established in 1969 by Nick and Peter Barris.
It employs more than 20,000 people in England and Wales, and employs around 1,300 people in Wales.
Its main factory in Oxfordshire is a small, one-storey building with a narrow courtyard, and it has about 30 employees in the local community.
Nick has been operating in the city of Oxford for more than 30 years.
Its restaurants have included Pizza Parlours, The Pizza Hut and Papa Murphy’s.
The company has also expanded into the UK via a spin-off in 2016.
The National Audit Office (NAO) said it had recommended to the government that the Government should scrap the planned cuts to the number, quality and size of the National Health Service hospitals.
In a report published on Friday, the NAO said the health service would have to close between 2020 and 2023 in order “to provide the UK with the funds and capacity needed to meet its public health and social care responsibilities”.
In its recommendation, the watchdog said the NHS should not be allowed to close, saying: “The NHS is the most vulnerable part of our society, and is in need of an independent, sustainable and efficient system.”
The NAO found the NHS was underfunded and was under-funded compared with other public sector organisations.
The NAG said:”NHS funding is set to fall in real terms in the next few years as it falls behind other health and public services across the UK.
A combination of the Government’s plan for the NHS to be funded at a reduced rate of 0.9% of GDP in 2021-22 and a reduction in spending in the public sector could lead to a real cut of the overall NHS budget.”
In the report, the charity added: “There is also a strong case for the Government to reconsider its proposal for a national pay rise of 0,5% over the next five years.”
The report also said that the government had failed to keep pace with inflation and health spending had risen faster than inflation.
The NHS’s total funding cost in 2021/22 was £9,200 million compared with £9.7 billion in 2017/18.
This meant the total cost of the health system in 2021 was £11,600 million compared to £11.4 billion in 2016/17.