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Retail

Britain's Greggs To Cut More Than 800 Jobs

British baker Greggs has announced that it plans to cut 820 shop staff jobs as it expects trading to remain below normal for the foreseeable future due to the COVID-19 pandemic.

Greggs, best known for its sausage rolls, steak bakes and vegan snacks, said in September it had launched a consultation with union and employee representatives and was aiming to minimise job losses by negotiating reduced staff hours.

The company currently employs 25,000 people.

It joins a swathe of companies cutting jobs, particularly in retail and hospitality, including at household names such as Marks & Spencer, John Lewis and Boots.

Greggs was performing well before the pandemic, with its shares hitting a record high of 2,550 pence in January.

News by Reuters, edited by ESM. Click subscribe to sign up to ESM: European Supermarket Magazine.

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