Warburtons’ profits slump and strike in prospect

By Mike Stones and Anne Bruce

- Last updated on GMT

Related tags: Trade union, Baker, Bakery

Warburtons reported profits down 37%
Warburtons reported profits down 37%
Bakery giant Warburtons has reported a 37% drop in profits to £16.3M last year compared with £23M in 2010.

Attributing the results to the restructuring of its bakery operations, Jonathan Warburton, chairman and chief executive, said they were “satisfactory in a challenging environment”.

Warburton added: “Over the past 12 months we have further cemented our position as not only Britain’s favourite baker, but as the largest British grocery brand in the UK.

Increasingly competitive landscape

"By focusing on meeting consumer needs and providing the best quality products and services we have been able to maintain differentiation in an increasingly competitive landscape,"​ he said.

Meanwhile the baker could face strike action after failing to agree a pay deal with the Bakers Food and Allied Workers Union (BFAWU).

The union found out last week that Warburtons was not planning to move on a 2% pay offer, a local union representative told FoodManufacture.co.uk.

This pay rise had already been rejected by a 95% majority by BFAWU members among its Warburtons' employees, he said.

A ballot for strike action would be the next step, and that could be set to take place next month.

Warburtons employs about 4,500 employees in 12 bakeries and 13 depots across the UK.

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