Yahoo Finance Greggs set to cut 820 jobs as coronavirus lockdown hits bakery chain’s sales
Greggs plans to cut more than 800 jobs after a slump in sales during the coronavirus pandemic.
Bosses at the bakery chain have warned that it “will not be profitable as a business” if sales continue at the rates they have been in lockdown.
Some 820 jobs are affected. In a statement posted on the Greggs employee information website earlier this week, chief executive Roger Whiteside said: “Covid trading conditions have forced this action onto our business and we are all very saddened by the need to part company with around 820 friends and colleagues, many of whom have worked with us for many years.”
He went on to say that “the battle with Covid hasn’t gone away and is intensifying further” as lockdown measures continue to be in place across the four nations of the UK.
Mr Whiteside added: “At lockdown levels of sales, even after all of the mitigating action that we have taken, Greggs will not be profitable as a business and there can be no room for complacency.”
At the end of September, the Newcastle-based chain said it was in talks with staff to cut hours to try and minimise job losses when the furlough scheme was expected to end in October.
Mr Whiteside told reporters at the time: “Some stores have staff hours which are just off what’s needed for current demand. But others are a long way off and will need significant change.”
Reporting by PA
Read More
