# Greggs to axe around 740 jobs and shut four factories

By Susannah Streeter — 2026-09-30

Susannah Streeter, chief investment strategist at Wealth Club, said: “Greggs is eyeing up more intense inflationary pressures ahead and is zeroing in on its cost control measures, with fewer factories set to feed more shops.

“It’s planning a big restructuring of its manufacturing processes, with four sites flagged for closure and 740 jobs set to be made redundant. The chain currently operates 14 factory and distribution sites in the UK and this is part of a drive to bake in more efficiency, with the new Derby and Kettering sites designed to enable the company to serve more outlets. While it’ll cost £60 million in payouts and capital expenditure, the annual cost savings are expected to come in around £20 million.

“Shareholders have welcomed the baker’s recipe for trimming fat from its manufacturing operations but at the same time keeping plans for opening new stores intact. It’s still on track to open 100 to 110 net new locations this year, with the long-term plan to go from 2,796 shops to at least 3,500.

“In a more cost-conscious environment, its value ranges keep enticing hungry customers through the doors, with total sales rising 7.7 per cent over the last three months. It’s not just relying on traditional staples like flaky bakes but is continuing to roll out new innovative offerings like matcha lattes, egg protein pots and grain and green salads to lure in a more health-conscious crowd.”

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