Greggs to spend £60 million cutting hundreds of jobs to save £20 million over two years

UK high street bakery chain Greggs is set to cut hundreds of jobs as part of an overhaul of its food manufacturing operations. The company will cut 740 job in total over the next two-and-a-half years. Greggs plans to close its manufacturing sites at North Lakes near Penrith, Cumbria, Pettigrews in Kelso, Scotland, Seaham in County Durham and Enfield, Greater London.

In a statement, the company said, "Alongside this investment programme, we have carried out a comprehensive review to determine where our future manufacturing activity should most effectively be located to ensure we can continue to offer the exceptional value that Greggs is famous for. This review has resulted in a set of proposals that would relocate elements of our manufacturing processes."

It added, "We believe such changes, whilst difficult, are necessary to ensure Greggs continues to meet capacity requirements for growth in the years ahead in the most cost-efficient manner. Our immediate priority is to minimise the impact on our people where possible. We will enter into a consultation period shortly to work with trade unions and employee representatives of those affected to refine and develop these proposals,


The proposals will also impact manufacturing operations at its Treforest site in Wales, but this will also continue as a distribution centre for the business.

The chain, which has headquarters in Newcastle, said its retail shops would not be affected by the proposed changes and like-for-like sales had grown across its managed stores.

Job cuts after 7.7% growth

Meanwhile Greggs announced 7.7% sales growth in the third quarter of 2026. As per the chain, year-to-date total sales increased 7.4% while with LFL sales Jumped 2.6%.

The Newcastle-headquarterd company opened 95 new shops and closed 38 shops (including 20 relocations) this year, resulting in 57 net new openings. For the year as a whole, it expects around 100 to 110 net new shop openings. It has total of 2,796 shops trading comprising 2,157 company-managed shops and 639 franchised units.