Food giant plans to shut plant in Knighton, shaving 300 jobs
Premier Foods, the maker of Oxo stock cubes and Mr Kipling cakes, has announced plans to close a plant in the West Midlands, putting more than 300 jobs at risk.
The company is currently in negotiations with staff working at the factory, which predominantly makes powdered drinks."It is recognised that this will be an unsettling time for those c.300 colleagues who are potentially affected by these proposals, and they will be fully supported and consulted with throughout the process," the company said in a statement.
In the final three months of 2022, Premier Foods saw group sales rise by 12% compared with the previous year, with grocery sales up by 17% and international sales up by 10%. Premier Foods employs more than 4,000 people operating from 15 sites across the country, supplying retailers and wholesale with brands such as Bistro, Ambrosia, Bachelors, Loyd Grossman, Oxo and Sharwood's.Mr Whitehouse said the company had been dealing with higher costs due to inflation, which continued to persist.
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