April 18, 2008

UK poultry processor restructures to remain competitive

Restructure plans of UK chicken processor Faccenda Group will include cutting jobs and investing GBP 5 million (US$10 million) in its facilities.
 

Under the restructure plans, Faccenda Group will cut about 450 jobs in its Sutton Benger plant while investing GBP 3 million (US$6 million) into its Brackley facility and GBP 2 million (US$4 million) in its Telford and Dudley facilities.

The investment will improve the three facilities' technology and equipment, enabling it to meet the demand that currently requires four facilities.

It is necessary for the company to cut costs to ensure its competitiveness as the poultry processing and supplying market has become increasingly challenging, according to Ian Faccenda, managing director of Faccenda Group.

Changes are made to also ensure the sustainability of the company in face of rising feed and fuel costs, said Faccenda.