Greggs to close four factories and cut 740 jobs

Greggs has announced plans to close four manufacturing sites, putting around 740 jobs at risk over the next two-and-a-half years. The bakery chain, which reported a 7.7% rise in sales, said the move is necessary to "keep evolving alongside changing customer expectations" and to provide growth in the "most cost-efficient manner". The overhaul will cost the firm around £60 million, including disruption costs and redundancy payments.