Restructuring at UK poultry plant amid rising prices
The rising costs of chicken feed have been blamed for the likely loss of 450 jobs at a chicken-processing factory in the UK.
Under restructuring plans, Faccenda Group is cutting jobs in Sutton Benger, near Chippenham, Wiltshire, the BBC reports. The compnay is to invest £3 mln in its Brackley factory in Northamptonshire to make it one of the biggest in Europe, and £2 mln in its factories in Telford and Dudley.
According to MD Ian Faccenda, it is necessary for the company to cut costs and act now to ensure that it remains competitive in the future as the market for processing and supplying chicken was becoming increasingly challenging. The company can meet demand with 3 facilities, rather than 4, by investing in new technology and equipment.
“We’re operating in a very competitive market, where the cost of wheat and fuels has increased enormously in the past year. We have to make changes for the long-term health of our business… While this has been a difficult decision for us to take, by restructuring now, we’re strengthening the business for the future,” said Faccenda.
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