UK: Maple Leaf to close Walsall site
236 workers could see their jobs saved as potential buyers have expressed interest in the plant
Maple Leaf Bakery, the UK arm of Maple Leaf Foods, is set to close one of its production sites.
The company has decided to close its facility in Walsall, although it said the 236 workers could see their jobs saved as potential buyers have expressed interest in the plant.
Maple Leaf Bakery's HR director Paul Clipson said the company is looking for a buyer for the site so that it can focus on its speciality, bagel and croissant manufacturing.
He said: "We are working closely with our trade union at the site so workers are full informed. We are doing our very best to save the jobs of our employees."
The company did not reveal who the potential buyers could be or any financial details at this early stage in the process but reiterated that it is keeping staff fully informed.
Maple Leaf Foods has booked a drop in first-quarter profits, hit by restructuring costs and the implementation of the Canadian food group's plans to improve its margins....
Canada's food watchdog has said cost-saving measures that have included the sacking of 100 government inspectors will have no impact on food safety in the country....
Canadian company Sofina Foods is set to buy local firm Fearmans Pork from private-equity firm Sun Capital Partners....
- On the money: Hormel still looking for M&A
- FMCG sales slowing despite economic green shoots
- On the money: Hain expects continued organic gains
- Consuming issues: The hunger-obesity paradox
- Analysis: Market bets on higher Chiquita offer
- Switz rejects EU plea to bypass Russia export ban
- Fonterra, Beingmate launch infant formula JV
- Parmalat nears Lacteos Brasil acquisition
- Russian government eases ban on food imports
- UK group Symington's eyes Australia growth