Bakkavor, a prominent name in the fresh food production industry, faces significant operational challenges.
The company has announced potential closure of its Wigan factory, which could lead to a substantial loss of jobs.
Bakkavor’s decision is rooted in a comprehensive review of its operational facilities. Significant investment is deemed necessary for the Wigan plant to remain viable, but current business strategies focus on enhancing returns. Thus, maintaining operations at this facility is viewed as unsustainable, especially given its low-margin outputs.
This decision coincides with Bakkavor’s latest half-year financial report, which, despite challenges, shows a positive trajectory with increased UK revenue.
Employees will be offered roles within the company where possible, and initiatives to facilitate job transitions are being considered.
The company’s revenue in the UK increased to over £1.1 billion, reflecting strategic restructuring efforts initiated in previous years.
The executive’s statements underscore a commitment to strategic growth and operational efficiency amidst challenging market conditions.
These facilities represent critical components of Bakkavor’s UK manufacturing and distribution strategy.
Bakkavor has pledged to support employees through this transitional period, exploring opportunities for re-employment within the company.
The potential closure of Bakkavor’s Wigan factory marks a pivotal moment in the company’s operational strategy.
While financial challenges persist, Bakkavor remains committed to strategic growth and employee support during this transition.
