Greggs, the UK bakery chain, plans to cut over 700 jobs amid efforts to reduce costs in response to inflationary pressures and challenging market conditions. The company is consulting on the closure of four of its 14 manufacturing and logistics facilities, which would lead to the loss of approximately 740 roles over the next two and a half years.

The sites identified for closure are located in Enfield, north London; North Lakes in Cumbria; Kelso in Scotland; and Seaham in County Durham. While production and logistics functions at these sites will be discontinued, distribution operations at the Enfield location are expected to remain unchanged.

Greggs controls both the production and distribution of goods to its network of 2,796 stores across the UK. The closures come with an estimated one-time cost of £60 million but are projected to generate annual savings of £20 million. The company stated that these adjustments are essential to maintain capacity to support future growth in the most cost-efficient way possible.

Despite these planned cutbacks, Greggs reported accelerated sales growth in the 13 weeks ending September 26. The group anticipates a slightly improved financial outcome for 2026, aiming for profits broadly in line with last year’s £172 million. The company continues to expand its retail presence with ongoing store openings. Following the announcement, Greggs’ share price increased by 8.1 percent.