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Greggs announces plans to close four factories and cut 740 jobs
Greggs has announced a major manufacturing overhaul that includes the proposed closure of four factories, potentially putting approximately 740 jobs at risk over the next two and a half years. The targeted sites for closure are located in Enfield, North Lakes (near Penrith), Kelso (Pettigrews), and Seaham.
While manufacturing at the Enfield site is slated to end, the company intends to continue its distribution operations from that location. Additionally, the Treforest site in Wales will transition from manufacturing to a distribution centre. The restructuring will also involve reducing product ranges at the Clydesmill and Manchester sites and ceasing tinned bread production at Gosforth.
The company expects the restructuring to cost roughly £60 million, covering redundancy payments and disruption costs, but anticipates annual savings of approximately £20 million during the 2028 and 2029 financial years. Chief Executive Roisin Currie stated the move is necessary to “keep evolving alongside changing customer expectations” and to ensure the business remains sustainable.
The announcement follows a period of strong performance, with Greggs reporting a 7.7% rise in sales for the three months ending September 26. Despite the proposed manufacturing cuts, the company noted that its retail shop estate will not be affected by these changes.
Entities
Adam Vettese · Alex Pugh · Enfield · Freetrade · Greggs · Kelso · Roisin Currie · Treforest
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 5 SOURCES] Approximately 740 jobs are at risk due to the proposed closures. www.northwalespioneer.co.uk · www.warringtonguardian.co.uk · ukinvestormagazine.co.uk · nation.cymru
- [● 5 SOURCES] Greggs plans to close four manufacturing sites. www.northwalespioneer.co.uk · www.warringtonguardian.co.uk · ukinvestormagazine.co.uk · nation.cymru
- [● 2 SOURCES] The company has opened 57 net new shops so far this year. ukinvestormagazine.co.uk
- [● 5 SOURCES] The changes are expected to deliver savings of approximately £20 million across the 2028 and 2029 financial years. www.northwalespioneer.co.uk · www.warringtonguardian.co.uk · ukinvestormagazine.co.uk · nation.cymru
- [● 5 SOURCES] The manufacturing overhaul is expected to cost around £60 million. www.northwalespioneer.co.uk · www.warringtonguardian.co.uk · ukinvestormagazine.co.uk · nation.cymru
- [● 4 SOURCES] Total sales rose 7.7% for the three months to September 26 compared to the previous year. www.northwalespioneer.co.uk · www.warringtonguardian.co.uk · ukinvestormagazine.co.uk
- [● 2 SOURCES] Like-for-like sales at company-managed shops increased by 3.4%. ukinvestormagazine.co.uk
- [● 2 SOURCES] The company plans to close sites in Enfield, North Lakes, Kelso, and Seaham. nation.cymru