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January 5, 2009

ICELAND/UK: Bakkavor revamp could hit 400 jobs

Bakkavor, the Iceland-based food group, is to restructure part of its UK business with a set of moves that could lead to the loss of 400 jobs.

Bakkavor, the Iceland-based food group, is to restructure part of its UK business with a set of moves that could lead to the loss of 400 jobs.

The company, which makes a range of fresh prepared foods and produce, plans to reorganise production at three sites in Lincolnshire.

Under the proposals, Bakkavor’s prepared produce operations at its Exotic Farm Produce site in Kirton would be moved to two sister sites. Exotic Farm’s whole produce business would remain open.

The company also plans to reduce the number of operational units at its Bakkavor Spalding site from five to four.

Meanwhile, part of the company’s ready meals production at its Freshcook facility on Holbeach will be moved to another site.

Bakkavor said it had started consulting workers on the proposals but declined to confirm how many of the 2,000 workers across the three sites could be affected. However, it is understood that some 400 jobs could be under threat.

“These are challenging times for the food industry and the group remains cautious about the impact of worsening economic conditions on consumer expenditure on top of ongoing pressures from inflationary costs,” a Bakkavor spokesperson said.

“These proposals form part of Bakkavor Group’s wider restructuring plans announced earlier in the year to align its cost base, improve operational efficiencies and adapt to current and future demand.”

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What is the impact of historically high inflation on the UK consumer landscape?

The average UK consumer is experiencing a severe cost-of living crisis as inflation surges to a forty-year high and the price of goods continues to rise. This shock is the result of the sharply increasing costs of commodities, energy, and the ongoing conflict in Ukraine, and is threatening FMCG manufacturers, retailers, and foodservice operators’ ability to survive and grow. Inflation will have a profound effect on many consumer-facing industries in 2022 and beyond. Consult GlobalData’s new whitepaper, Inflation in the UK: The Impact of Historically High Inflation on the UK Consumer Landscape, to better understand shifts in consumer behavior and their impact on spending patterns, as well as the implications for UK businesses. This whitepaper covers:  
  • Why has global inflation returned with a vengeance?
  • What is the current inflation situation in the UK?
  • What impact is inflation having on UK retail sales?
  • What tactics are businesses relying on to tackle the effects of high inflation?
  • How are consumers changing their behaviors to cope with the higher cost of living?
  • Which industry sectors are most vulnerable to reduced consumer demand?
  • How is the government responding to high inflation?
  • How long will high inflation last in the UK?
  • How can your company survive and thrive in a high inflation environment?
Enter your details here to receive your free whitepaper and ready your business for these increasingly uncertain times.
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Enter your details here to receive your free Whitepaper.

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