Soaring wheat and fuel prices have taken their toll on operations at Faccenda Group, resulting in the possible loss of 450 jobs at one of its chicken processing factories.
The company is looking to combat the increasingly challenging market by cutting its number of operational sites from four to three. Consequently, its Sutton Benger plant in Wiltshire is to close, while new investment is to be made at the Brackley and Telford sites.
“While this has been a difficult decision for us to take, by restructuring now, we’re strengthening the business for the future,” said managing director Ian Faccenda.
“We recognise the high level of commitment and hard work shown by our staff at Sutton Benger, many of whom have been with us for a long time, and we will do all we can to support them.”
The company has now begun a 90-day consultation period to discuss the course that the restructuring process will take.