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Greggs Plans Four Factory Closures and 740 Job Cuts
The overhaul could cut about 740 jobs and save Greggs £20 million a year as it consolidates production and shifts some manufacturing to suppliers.
- Bakery chain Greggs announced plans today to close four manufacturing factories, with an expected loss of around 740 jobs over the next two-and-a-half years.
- The company expects the overhaul to save around £20 million across the 2028 and 2029 financial years as part of a broader shift in manufacturing operations.
- Sales grew 7.7% in the three months to September 26, as Greggs benefited from product launches and "more settled weather" during the period.
- Greggs started worker consultations today, noting "such changes, while difficult, are necessary" while the move will cost around £60 million in disruption costs and redundancy payments.
- With over 2,700 stores across the UK, Greggs employs more than 33,000 people while working toward a long-term goal of 3,500 stores nationwide.
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Total News Sources47
Leaning Left7Leaning Right3Center26Last UpdatedBias Distribution72% Center
Bias Distribution
- 72% of the sources are Center
72% Center
L 20%
C 72%
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