US food group HJ Heinz has confirmed that it is to close its HP Sauce factory in Birmingham.
The factory is to close in March, resulting in the loss of 120 jobs. Heinz plans to move production of the sauce brand to the Netherlands.
The decision comes in spite of a long-fought battle involving employees, union representatives and local MPs. The company said the move was a “difficult but necessary decision”.
Heinz said the closure would save the company around GBP25m over the next ten years, but John Jordan, acting national secretary of the T&G union, condemned the decision as a case of “corporate greed”.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData