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
Under restructuring plans, Faccenda Group is cutting jobs in Sutton Benger,
near Chippenham, Wiltshire, the BBC reports. The compnay is to invest Â£3 mln in
its Brackley factory in Northamptonshire to make it one of the biggest in
Europe, and Â£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 businessâ€¦ 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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