Greggs to close four factories and cut 740 jobs

Greggs has announced plans to close four UK factories and cut 740 jobs over the next two and a half years.

• Greggs said it would close sites in Cumbria, Scotland, County Durham and Greater London, with distribution continuing from Enfield.
• The company said the closures would cost £60m initially but deliver about £20m in annual savings by 2028.
• Greggs said it would begin consultations with trade unions, adding that its immediate priority was to minimise the impact on affected staff.
• Greggs reported third-quarter sales growth of 7.7%, up from 7.2% in the first half of the year.