HUNDREDS of workers are set to lose their jobs as a restaurant chain announces it is closing almost 100 of its premises - including one on the Feethams Leisure Complex in Darlington.

The news comes as Prezzo has launched a company voluntary arrangement (CVA) in a bid to keep the restaurants open.

The company, owned by private equity firm TPG Capital, secured the backing of creditors, which will allow the Italian-themed chain to exit unprofitable branches and secure rent reductions.

Jon Hendry-Pickup, CEO of Prezzo, said: "I would like to thank our creditors and landlords for supporting our transformation plan.

"While we continue to be profitable, the pressures on our industry have been well documented.

"Despite this being a tough decision, the support given today by our creditors shows that they believe we have the right approach to transforming Prezzo in the eyes of teams, customers and stakeholders.

"It has been a challenging time during the CVA process and I would like to thank our suppliers, colleagues and customers for their patience and support."

The 94 restaurants identified for closure are likely to shut in April and May, Prezzo said, and staff will be made aware of the exact dates as soon as they have been confirmed.