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Greggs to close four factories, cut 740 jobs

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Story summary
  • Greggs will close four manufacturing sites and cut about 740 jobs over the next two-and-a-half years.
  • The closures affect factories in Enfield, North Lakes (Penrith), Pettigrews and Seaham.
  • Enfield will remain a distribution hub after the manufacturing shutdowns.
  • The programme costs about £60 million, including £40 million capital spend and redundancy payments.
  • Greggs expects annual pre-tax savings of roughly £20 million in the 2028 and 2029 financial years.
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