Tomkins closes another bakery
Saturday 16 October 1993
The bakery, which employed 65 people in Dundee, is the fourth to close and brings the number of job losses at RHM's British Bakeries division to 1,000. The move is to help reduce over-capacity in the bread-making industry and cut operating costs at RHM, which Tomkins bought for pounds 935m last December.
Bread from British Bakeries accounts for about one-third of the UK market, and Tomkins has cut capacity by about 9 per cent since buying RHM. Bakeries at Croydon, Exeter and Hackbridge, London, have closed and capacity has been cut at other sites. Tomkins estimated it had cut out about 3 per cent of the UK's total bread-making capacity, in a market that is said to be about 15 per cent over-supplied.
Anthony Spiro, Tomkins' spokesman, said the overall rationalisation plan at RHM was going 'very well', but he would not say whether more redundancies were planned or how far the cost-cutting programme had gone.
Since the takeover, RHM has shed 2,000 jobs across the group's businesses, including Mr Kipling cakes and cooking ingredients such as Paxo and Bisto. But analysts said there were still big cost savings to be made. Tomkins has set aside provisions of pounds 90m to restructure RHM.
- 1 VMAs 2015: Was Nicki Minaj and Miley Cyrus' awkward acceptance put-down real or staged?
- 2 If you're not already angry about the migrant crisis, here's a history lesson to remind you why you really should be
- 3 Rules on 5p plastic bags likely to lead to arguments at the check-out
- 4 Chaos breaks out in courtroom as father attacks killer of three-year-old daughter
- 5 I like Corbyn, but let's face it: we don't need another white man at the head of a political party
VMAs 2015: Was Nicki Minaj and Miley Cyrus' awkward acceptance put-down real or staged?
Bank Holiday Monday opening times: Are Tesco, Asda and other supermarkets open today?
Rules on 5p plastic bags likely to lead to arguments at the check-out
The nine most warmongering countries in the world revealed
Isis releases graphic video showing four Shia 'spies' being burned alive in Anbar, Iraq
Climate change: 2015 will be the hottest year on record 'by a mile', experts say
'Women only' train carriages: Jeremy Corbyn unveils radical move to tackle public harassment
Black holes are a passage to another universe, says Stephen Hawking
Jeremy Corbyn calls Osama bin Laden's killing a 'tragedy' - but was it taken out of context?
Tony Blair attacks Jeremy Corbyn's 'Alice In Wonderland' politics
Theresa May says migrants should be banned from entering the UK unless they have jobs lined up
iJobs Money & Business
£25000 - £30000 per annum: Recruitment Genius: From modest beginnings the comp...
£35000 - £40000 per annum: Recruitment Genius: From modest beginnings the comp...
£15000 - £65000 per annum: Recruitment Genius: This is an exciting opportunity...
£18000 - £20000 per annum: Recruitment Genius: This is a fantastic opportunity...