Greggs (GRG) to Cut 740 Jobs and Close Four Factories

Greggs (GRG) announced plans to close four factories and cut 740 jobs, impacting sites in Cumbria, Scotland, County Durham, and Greater London. Although these changes will occur over the next two and a half years, the manufacturing operations at its Treforest site in Wales will continue as a distribution center. The firm expects to incur costs of approximately £60 million but anticipates saving about £20 million in the 2028 and 2029 financial years. This decision aligns with Greggs' ongoing strategy to adapt to evolving customer expectations while the retail segment noted a 7.7% increase in sales as of September 26 amid challenging market conditions.

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