Greencore’s UK restructure may put jobs at risk

By Mike Stones

- Last updated on GMT

The Greencore restructure may put jobs at risk
The Greencore restructure may put jobs at risk

Related tags: Management

Convenience food manufacturer Greencore plans to streamline its UK business, in a move that may put jobs at risk, the manufacturer confirmed yesterday (November 7).

A spokesman for the firm told “Greencore can confirm that it is simplifying its corporate structure in the UK into two divisions.  The new structure will deliver improved efficiency and a better ability to respond to its customers’ needs.

“As a result of these changes, Greencore is now in consultation with a number of employees. The company is unable to provide any further comment until this process has been concluded.”

At the end of August, the manufacturer tried to reassure investors​, after its share price dropped by more than 7.5% in one week; amounting to a 41% fall over the previous year.

Tried to reassure investors

Commenting at the time, Greencore said: “The group is not aware of any developments since the release of its third-quarter trading statement on July 27 that changes the outlook contained in that statement.”

In third-quarter results, the company recorded sales of £636.5M​ in the 13 weeks to June 30 2017, a 76.6% growth from the same time last year.

At the end of July, Greencore confirmed its plan to shed up to 400 jobs​ at its Evercreech factory in Somerset. The decision followed plans to close the site.

Meanwhile, for the latest jobs in food and drink manufacturing, visit FoodManJobs​.

Related topics: Chilled foods

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