{"id":17214,"date":"2026-09-30T10:11:06","date_gmt":"2026-09-30T10:11:06","guid":{"rendered":"https:\/\/stock999.top\/?p=17214"},"modified":"2026-09-30T10:11:06","modified_gmt":"2026-09-30T10:11:06","slug":"greggs-to-axe-740-jobs-in-factory-consolidation-daily-business","status":"publish","type":"post","link":"https:\/\/stock999.top\/?p=17214","title":{"rendered":"Greggs to axe 740 jobs in factory consolidation \u2013 Daily Business"},"content":{"rendered":"<p>            <\/p>\n<p>Greggs: reshaping its production activities (pic: DB Media Services)<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">Fast food chain is to close four factories across the UK, resulting in 740 job losses, though it continues to expect about 100 to 110 shop openings and 12 \u2018Greggs Express\u2019 convenience outlets.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">The company reported total sales up 7.7% and company-managed shop like-for-like sales increasing by 3.4% for the 13 weeks ending 26 September, contributing to a year-to-date total sales growth of 7.4%.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">The consolidation of its manufacturing operations will take place over two and a half years, with estimated cash costs of \u00a360 million and anticipated annual pre-tax operating cost savings of \u00a320m in 2028 and 2029. <\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">Despite these restructuring costs, Greggs now expects a modestly improved outcome for 2026 due to strong recent trading performance and cost control, with cost inflation remaining around 2% on a like-for-like basis.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">In its third quarter update,  the company said: \u201cOur investment in additional capacity to serve at least 3,500 shops will enable further growth in the business, creating many more jobs and driving strong returns for shareholders. <\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">\u201cAlongside this investment programme, we have carried out a comprehensive review to determine where our future manufacturing activity should most effectively be located.\u201d<\/p>\n<p class=\"wp-block-paragraph\">Daily Business Bulletin:\u00a0Subscribe here for our free morning bulletin of breaking news<\/p>\n<p>           \t            #Greggs #axe #jobs #factory #consolidation #Daily #Business<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Greggs: reshaping its production activities (pic: DB Media Services) Fast food chain is to close&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[7],"tags":[5953,272,4319,306,5369,11612,310],"_links":{"self":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts\/17214"}],"collection":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17214"}],"version-history":[{"count":0,"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts\/17214\/revisions"}],"wp:attachment":[{"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17214"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17214"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17214"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}