Greencore said today following the acquisition of Hazlewood Foods on January 9th it has implemented some cost savings including the closure of the Hazlewood head office in Derby which will involve the loss of 42 jobs.
Hazlewood's businesses have been decentralised into four business groups and - Hazlewood Grocery; Hazlewood Chilled Foods; Hazlewood Prepared Meals; and Hazlewood International - and 8 staff from the Derby office will transfer to these decentralised business groups.
Greencore's existing Paramount Foods businesses (pizzas and sauces) are being integrated into the new Hazlewood structure. Greencore has also sold two businesses.
The paper business F.H. Lee Ltd has been sold for £1 million sterling and Rowan Foods' ready meals plant at Wrexham has been sold for £5.3 million sterling.
Greencore chief executive Mr David Dilger said: "As part of our strategy for the acquisition of Hazlewood we announced that we would be seeking cost savings, restructuring the combined businesses and eliminating certain loss-making activities.
The restructuring of Hazlewood will assist our continuing drive for improved performance and reduce our costs."He said the two disposals will eliminate substantial loss making activities and are a good step forward in the achievement of plans for the enlarged group.
AFP