Morrisons 400 jobs in Wakefield under threat if bakery shuts

finance
Created 11/20/2024
Updated 11/20/2024

Morrisons, the UK supermarket chain owned by US private equity firm Clayton, Dubilier & Rice, is facing challenges with its bakery business acquired in 2005, which has been unprofitable for years despite efforts to turn it around. The Wakefield site, the chain's only bakery, is at risk of closure, although Morrisons is exploring options to continue producing some breakfast goods like muffins and croissants to save jobs. The company is committed to helping affected employees find other roles within the group. Sarah Woolley from the Bakers, Food and Allied Workers Union criticized the private equity firm's management, accusing them of asset stripping and neglecting workers' welfare. Despite the potential closure, Morrisons' 450 in-store bakeries will remain unaffected.

Original Article


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