UK poultry group, 2 Sisters Food Group, has outlined a series of plans as part of its efforts to turn the business around.
In order to help strengthen its financial position, the group will make further investments in its UK Poultry and Fox’s Biscuits businesses.
The group is also considering reducing the number of its UK poultry sites in order to produce shorter, more efficient supply chains.
2 Sisters CEO, Ronald Kers, said that for several months now, the group has been engaged in a strategic review, focussed on improving execution, reducing cost, and building a better organisational culture.
He also added that, as part of an on-going review of the company’s loss-making sites, the company is proposing the potential closure of its UK Poultry business’ Witham processing site in Essex.
Kers confirmed that consultation has already begun.
“We’re all acutely aware that some of our plans, such as reducing our UK poultry footprint, brings uncertainty for colleagues, and it is with regret that we have to make such proposals,” he said.
“But the alternative of doing nothing and hoping for an upturn is not an option.”
Kers also confirmed that the group is in the early stages of a sale process for its Matthew Walker Christmas Pudding Business.
However, he said that it will only sell “at the right time and for the right value, and our colleagues would be the first to know if this were to happen”.
© 2019 Checkout – your source for the latest Irish retail news. Article by Aidan O’Sullivan. Click sign-up to subscribe to Checkout.