2 Sisters Food Group has revealed it is planning to close three of its poultry sites in Smethwick, Wolverhampton and Cambuslang in Scotland with the loss of 900 jobs.
Boparan Holdings, the parent company of 2 Sisters Food Group, has reported a £26M drop in operating profit in its full-year results, as it struggles with a “tough trading environment” and rising input costs.
Positive developments at 2 Sisters Food Group plants in Scotland and Wales are more evidence of ceo Ranjit Boparan’s shrewdness, according to industry commentator Julian Wild of law firm Rollits.
Union leaders have expressed concerns about Ranjit Boparan’s intentions after he completes his £342m takeover of Northern Foods and begins to identify cost savings that could mean office closures or job losses.
The battle between food titans Greencore and Ranjit Boparan to take over Northern Foods could still go right to the wire, despite the expiry today of a deadline set by the latter for Northern's shareholders to formally accept his bid.
