Greggs to close four UK factories with potential for 740 job losses
Summary
Greggs plans to close four factories in the UK, which could lead to 740 job losses over the next two and a half years. The company expects to save £20 million annually by 2028 despite the closure costs, aiming to operate more efficiently while sales continue to grow.Key Facts
- Greggs will close factories in Enfield, Penrith, Kelso, and Seaham.
- The closures may cause up to 740 job losses.
- Closure costs, including redundancy payments, will total around £60 million.
- Greggs expects to save £20 million each year from these changes starting in 2028.
- The company’s sales grew by 7.7% recently, aided by new products like iced matcha lattes and more food choices.
- Greggs has opened 57 new shops this year and plans to open up to 110 more by 2026.
- Prices for popular items like sausage rolls and lattes were recently increased to cover rising costs.
- The company employs over 33,000 people across the UK.
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