Greggs to shut four factories and cut 740 jobs
Summary
Greggs plans to close four factories and cut 740 jobs, but its shops will not be affected. The company will shift some manufacturing tasks to other sites and use outside suppliers for some products to improve efficiency and adapt to customer needs.Key Facts
- Greggs will close factories in North Lakes (Cumbria), Pettigrews (Scotland), Seaham (County Durham), and Enfield (Greater London).
- Distribution will continue at the Enfield and Treforest (Wales) locations.
- Manufacturing at some other sites like Clydesmill (Glasgow) and Manchester will be reduced.
- Production of tinned bread at Gosforth will stop.
- The company will start a staff consultation soon, with no final decisions made yet.
- The restructuring will cost about £60 million but is expected to save around £20 million by 2028-2029.
- Greggs has 33,000 employees, most working in its shops, which will stay open.
- Sales grew by 7.7% in the recent quarter despite difficult market conditions.
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