Greggs cutting 820 jobs as coronavirus crisis hammers high street

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Greggs is set to axe 820 jobs a the coronavirus pandemic wreaks havoc on the high street.

Boss Roger Whiteside earlier warned of job cuts in September.

Demand for its famous pasties and sausage rolls have plunged since March after office staff were forced to ship out of workplaces and city centres became ghost towns.

A scorching summer also saw less interest in their hot food.

The fast food baker suffered a "challenging month" in August, as the closure of seated areas meant it could not take advantage of the Eat Out to Help Out scheme which gave many hospitality firms a much-needed lifeline.

The high street staple employs 25,000 people and has over 2,000 shops.

The proposed new cuts equate to approximately 3% of the workforce.

However, Greggs is not looking to close any stores.

Back in September, the chain said in a statement: “The outlook for trading remains uncertain, with rising Covid-19 infection rates leading to increasing risks of supply chain interruption and further restrictions on customer activities out of the home.

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"In these challenging conditions our teams continue to work hard and have proven our ability to operate with social distancing and adapt to new digital channels."

After reopening on July 2, its like-for-like sales averaged at 71.2% of its levels from 2019 for the 12-week period to September 26.

In the past month, covering the four weeks to September 26, like-for-like sales were at 76.1% of its levels from the same period last year, as trading improved.

  • Greggs
  • Coronavirus

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