Greggs plc GRG
LSE · United Kingdom · Consumer Non-Durables
GBp 1,998.00-30.00 (-1.48%)
Market open· · GBp · Data may be delayed
Prices may be delayed and are for informational purposes only - not investment advice.
Market open· · GBp · Data may be delayed
Prices may be delayed and are for informational purposes only - not investment advice.
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Four sites have been earmarked for closure, including Pettigrews in Kelso in the Borders.
The bakery chain jumped after stronger summer trading prompted a modest profit upgrade, even as a manufacturing overhaul puts around 740 jobs at risk.
Unions have warned that workers should not be ‘dropped like stones’ after helping support Gregg’s growth across the UK.
The move will cost the firm around £60 million, including disruption costs and redundancy payments.
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