Greggs hints at layoffs as leave program ends

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The Greggs bakery chain has hinted at possible job cuts when the government’s holiday program ends.

The company, which employs 25,000 people, expects business activity “to remain below normal for the foreseeable future.”

He said he has looked at staff costs and is currently consulting with unions and employee representatives.

Greggs said he wanted to reduce the risk of job cuts by putting people on reduced hours.

However, it is not clear whether the company will use the government’s new employment support program, in which employers and the state top up the wages of workers with fewer hours.

The program will replace the existing vacation program which ends on October 31st. The vast majority of Gregg’s 25,000 employees had been placed on leave during the lockdown.

In a trade statement, Greggs said: “With the job retention program scheduled to end in October, we are taking steps to ensure that our employment costs reflect the estimated level of demand as of November. . ”

The company said since all of its stores reopened in July, like-for-like sales in the three months leading up to September 26 have averaged 71.2% of the levels recorded in the same period last year.

Greggs said September sales were above this average, with customer visits resuming.

However, he said August was a difficult month due to the high temperatures and he was unable to participate in the government’s Eat Out to Help Out program as his stores with seats were closed.

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