Hundreds of jobs could be at risk. As Greggs start talks with staff about reducing hours across 800 of it’s stores.
Greggs jobs at risk: The country’s favorite bakery chain have started consulting with staff and unions as the pandemic has seen sales plummet over the last few months. And the consulting period is said to last until November.
Greggs employs around 25,000 staff across the UK and a spokesperson for the company said that cuts will affect 800 of it’s 2,000 stores. The company have said that by reducing workers hours they hope to minimise the risk of job losses.
They have blamed the situation on a downturn in sales. Also the fact that the Government are ending the job protection furlough scheme. Greggs said in a statement that “With the Job Retention Scheme planned to end in October we are taking steps to ensure that our employment costs reflect the estimated level of demand from November onwards”.
They went on to say that although trade has picked up in September. They are still only running at 76% of last year’s sales and need to be at 80% to reach a break even point. Set backs from distribution centres and baking factories where people have tested positive for the virus have not helped either. Stockbroker analysts said on Tuesday that it is clear that, through no fault of it’s own, Greggs has had it world turned upside down by the virus. And wonder how many stores will remain after the current crisis ends.
Additionally, the company itself said that it’s future trading activity “looks uncertain”.
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