Pandemic-related restaurant closures take an emotional and financial toll - News Summed Up

Pandemic-related restaurant closures take an emotional and financial toll


Their owners face not only the emotional loss of their business, but also often large debt, little savings and an uncertain future. For now, he's trying to minimize his expenses, and said he may have to find a side job and move in with family to help pay back the loans. After 34 years in one location, Wood dipped into her nest egg to help cover a move to a new spot about three years ago. Wood didn't draw a salary for the past several years, but the restaurant did pay some of her expenses. "My livelihood, what I was expecting to have at the end of 37 years in the restaurant business was some money from the restaurant when I sold it to help with my senior years."


Source: CBC News June 01, 2020 13:13 UTC



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