Premier Foods

Type
Internal restructuring
Country
United Kingdom
Region
Location of affected unit(s)
Sector
Manufacturing
(10 - 11) Manufacture of food and beverage
10.7 - Manufacture of bakery and farinaceous products
10.71 - Manufacture of bread; manufacture of fresh pastry goods and cakes
900 jobs
Number of planned job losses
Job loss
Announcement Date
20 November 2012
Employment effect (start)
Foreseen end date
31 December 2013

Description

Premier Foods has announced plans to cut 900 jobs from its bread division in the UK and to close two bakeries in west London and Birmingham next year. The cuts are part of wider plans to restructure the company's logistics and to cut its debts of more than £1bn.The restructuring also follows the loss of a contract with a supermarket to produce bread, worth £75m.

The unions claimed that these “job losses were devastating”.

Sources

  • 20 November 2012: BBC News

Citation

Eurofound (2012), Premier Foods, Internal restructuring in United Kingdom, factsheet number 74581, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74581.