Partner Article

Greggs to make 110 management redundancies

High street bakery firm Greggs say they will make 110 redundancies at management and support team level as they look to reduce costs.

The firm estimate the restructure will cost them £9 million over the coming year as they look to make efficiencies in their food-on-the-go business.

Greggs say they will soon consult with trade union and employee representatives of those affected.

Sales for the brand have increased 4.8% over the Christmas and New Year trading periods, as demand for their ‘food-on-the-go products’ increased.

Items like sandwiches, mince pies and the brand’s seasonal “festive bake” helped to motor sales during the period.

The bakery chain saw total like-for-like sales over the year decrease by 0.8%, they said reflecting difficult trading conditions at the start of the year.

Chief Executive Roger Whiteside said: “I am encouraged by the improvement in trading that we achieved as we progressed through the year, in part reflecting our new ‘Bakery food-on-the-go’ strategy.

“As a result, full year results should be in line with our previous expectations. Whilst we face a number of challenges in the coming year we remain confident that we can make further progress with our strategic plan in 2014.”

This was posted in Bdaily's Members' News section by Tom Keighley .