07 July 1999
Northern Foods cuts 300 jobs

NORTHERN Foods is to cut nearly 300 jobs from its baking business.

Jobs are going in Nottingham and Milton Keynes as the company restructures and reorganises Fletchers Bakeries, the Sheffield-based business it bought in April.

Northern Foods also plans to create 170 jobs as it upgrades plant and facilities.

It said the moves would involve capital expenditure of about £20m and would give rise to an exceptional charge in the current financial year of £10 million.