Greggs to cut employee hours to ‘minimise risk of job losses’

Greggs are in talks with their employees to cut working hours to “minimise the risk of job losses” for when the furlough scheme ends on 31 October.

The high street bakery said they have reviewed their trading operations as the company looks ensure its “employment costs reflect the estimated level of demand from November onwards.”

Greggs told investors that their “immediate priority” is to complete the consultation with staff and confirm the what the financial impact will be when consultation ends in November.

In a statement, Greggs said, “The outlook for trading remains uncertain, with rising Covid-19 infection rates leading to increasing risks of supply chain interruption and further restrictions on customer activities out of the home.

“In these challenging conditions our teams continue to work hard and have proven our ability to operate with social distancing and adapt to new digital channels.”