COVID-19: Greggs to cut much more than 800 employment as coronavirus lockdown hits small business | Business enterprise Information

Greggs has introduced strategies to cut extra than 800 positions as a end result of the ongoing coronavirus pandemic.

The manager warned that the bakery chain “will not be worthwhile as a business enterprise” if gross sales carry on at the costs they have been in lockdown.

In a assertion posted on its staff information and facts internet site previously this 7 days, chief executive Roger Whiteside reported: “COVID trading disorders have pressured this action onto our business enterprise and we are all extremely saddened by the have to have to component enterprise with close to 820 pals and colleagues, quite a few of whom have worked with us for numerous yrs.”

He went on to say that “the struggle with COVID hasn’t absent away and is intensifying even more” as lockdown steps carry on to be in place throughout the British isles.

Mr Whiteside included: “At lockdown concentrations of gross sales, even soon after all of the mitigating action that we have taken, Greggs will not be profitable as a company and there can be no place for complacency.”

At the finish of September, the Newcastle-centered chain mentioned it was in talks with staff to lower hrs to consider and minimise work losses when the furlough plan was envisioned to end in October.

Mr Whiteside told reporters at the time: “Some retailers have team hrs which are just off what’s needed for present-day need. But some others are a very long way off and will require considerable improve.”