The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
South East; Berkshire; Buckinghamshire and Oxfordshire
Location of affected unit(s)
Milton Keynes
Sector
Manufacturing Manufacture Of Food And Beverage Manufacture Of Food Products 10.71 - Manufacture of bread; manufacture of fresh pastry goods and cakes
218 jobs Number of planned job losses
Announcement Date
28 June 2017
Employment effect (start)
Foreseen end date
Description
Owners Warburtons have confirmed the decision to close its Giles Foods factory in Milton Keynes. The site manufactures a range of bread and pastry products for retailers. The decision results in 218 jobs being put at risk of redundancy and follows a statutory consultation period of 45 days. The decision to close the site, which was acquired by Warburtons in 2013, follows the loss of some major contracts and the company operating at a loss. The exact date of the closure has yet to be announced, though it is expected to be later in 2017.
Sources
28 June 2017: Food Manufacture
29 June 2017: Insider Media
Citation
Eurofound (2017), Giles Foods, Closure in United Kingdom, factsheet number 91437, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/91437.
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