Organic yoghurt maker Yeo Valley has confirmed that it will cut 103 jobs as part of a restructuring move designed to cut costs out of the business.
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The news follows a 90-day consultation period with staff over the proposed redundancies.
“Overall the company is losing 103 jobs, but only 43 of these are compulsory redundancies: 60 people have either left the company for a position elsewhere, taken voluntary redundancy or retired,” a spokesperson for Yeo Valley told just-food. “A small number have been transferred to other positions in the company.”
The majority of jobs have been lost at the company’s big pot yoghurt plant, in Cannington, where Yeo has been forced to switch from a 24/7 production cycle to a 12/7 schedule.
The spokesperson said that a number of factors had caused the group to cut production, including increased costs, declining demand and the highly competitive nature of the market.
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By GlobalData“Consumers buying big pot yoghurt are doing so based on promotional activity. The promotional nature of the market right now is leading to sales decreases,” the spokesperson said.
