UK economy ‘slightly larger’ than previously thought after Q2 growth revised up; Greggs proposes 740 job cuts – business live

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Guardian Business

UK economy ‘slightly larger’ than previously thought after Q2 growth revised up; Greggs proposes 740 job cuts – business live

Rolling coverage of the latest economic and financial news UK bakery chain Greggs has announced plans to cut more than 700 jobs, despite a pick-up in sales. Greggs is proposing closing four of its production sites, which could lead to up to 740 roles becoming redundant. We believe such changes, whilst difficult, are necessary to ensure Greggs continues to meet capacity requirements for growth in the years ahead in th…