Greggs cut 740 jobs and closes four factories
The closures have an estimated cost of £60m.
Greggs has launched a consultation on proposals to close four manufacturing sites and potentially cut around 740 roles over two and a half years, as the British bakery chain restructures its production network to support a planned expansion to at least 3,500 shops.
The company said the closures are designed to consolidate manufacturing in a more cost-efficient configuration as it invests in additional capacity for future growth.
The proposals, subject to consultation, would cost around £60m, comprising £40m in capital expenditure and the remainder in disruption and redundancy costs.
Greggs expects to gain annual pre-tax savings of around £20m once the programme concludes, with those savings anticipated to flow through in 2028 and 2029.
Greggs said it has plans to consult with trade unions and employee representatives at the affected sites and described the proposals as necessary to ensure the business can continue to grow efficiently while maintaining the value it is known for.
“We believe such changes, whilst difficult, are necessary to ensure Greggs continues to meet capacity requirements for growth in the years ahead in the most cost-efficient manner. Our immediate priority is to minimise the impact on our people where possible,” Greggs said.
The news comes following Greggs reporting a profit after tax of £56.2m in H1 2026.
