IN BRIEF

22 May 1998

IN BRIEF

TURKEY farming group Bernard Matthews is cutting the number of turkeys it farms by 20% and will close several farms and a factory at Spalding, Lincs with the loss of over 300 jobs.

The company says it was forced into the decision, which will cost it about £4m, after the strong pound caused heavy losses in its export division.

The move will leave the group producing 12m turkeys a year in the UK, and is expected to reduce last years £372m turnover by about 8%.