View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
April 6, 2020

Jobs cut as Ferrero-owned UK confectioner Thorntons restructures

Thorntons, the UK confectionery business owned by Italy's Ferrero, has made an undisclosed number of redundancies at its site in the county of Derbyshire.

By Dean Best

Thorntons, the UK confectionery business owned by Italy’s Ferrero, has made an undisclosed number of redundancies at its site in the county of Derbyshire due to reorganisation and a protracted decline in retail traffic.

Free Whitepaper
img

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.
by GD50 Custom
Enter your details here to receive your free Whitepaper.

A company spokesperson said it launched a consultation process with employees at the Somercotes facility in the town of Alfreton at the start of the year, and the voluntary redundancies actioned so far are not related to the coronavirus outbreak. However, Thorntons added that process has come to a halt as a result of the Covid-19 crisis.

Thorntons declined to provide the number of workers let go or any details on potential future lay offs. 

“No further proposals will be made currently, as we have temporarily put the consultation on hold due to the ongoing Covid-19 situation,” the spokesperson said. “At the start of the year, we launched a formal consultation process through which we seek to agree a series of proposals which we believe will enable us to deliver an organisational structure that will give us greater flexibility, more efficient operations and a reduced reliance on agency staff.”

The Alfreton plant has received a GBP40m (US$49.1m) investment since Ferrero acquired Thorntons in 2015, the spokesperson explained, adding that while “significant progress has been made” the company is facing a “challenging external environment due to changing consumer habits and the decline of the high street”.

“Given this, our focus is on securing the future of Alfreton by making it a centre of excellence and a key hub for the Ferrero group in the production of assortments, as well as enabling it to produce more Ferrero products for the international market. 

“To achieve this aspiration and the commercial viability of Alfreton, we need to ensure we are producing the right mix of products and have the right machinery and infrastructure in place. We also need to make sure we have the right organisational structure.”

Related Companies

Free Whitepaper
img

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.
by GD50 Custom
Enter your details here to receive your free Whitepaper.

Topics in this article: , ,
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every other month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Food