Job Search
Keywords

Job type
Location
Minimum Salary
Maximum Salary

‘Chicken king’ to cut thousands of jobs

‘Chicken king’ to cut thousands of jobs

Ranjit Boparan is a British Indian businessman with an extensive food empire in the UK, whose success has earned him the nickname of 'the chicken king'.

However, the entrepreneur has announced that he is set to cut approximately 1,800 jobs across his empire as it undergoes a major restructure.

Mr Boparan owns 2 Sisters, which recently announced it could be closing two of its manufacturing plants and cutting several hundred jobs in an attempt to save costs. 

The 2 Sisters Food Group is currently the largest food manufacturing firm in the UK in terms of turnover and is one of the biggest suppliers of poultry products to major supermarket chains as well as fast-food restaurants.

Around 24,000 people are employed by Mr Boparan's firms at over 50 sites across the country, manufacturing ready meals, pizzas, biscuits and frozen vegetables.

Last week it was announced that local councillors are campaigning to save roles at the Corby site of the 2 Sisters Food Group, while a Newport cake factory owned by the business also looks set to shut.

In addition, approximately 230 positions are to be axed at a plant near Dundee, but workers may be relocated as plans are in place to expand factories in Nottinghamshire and Derbyshire.

The 2 Sisters Group is one of the fastest food manufacturing businesses in the UK and has acquired a number of smaller firms in recent years, but industry experts believe that this may have caused problems for the company.

In October 2013, Mr Boparan reported that his business had experienced a £33.5 million loss, which was a huge contrast to the previous year when it achieved profits of £42.5 million. 

Despite this, sales increased by 23 per cent - £2.9 billion - during the 12 months leading up to October 2013, which further suggests that ambitious acquisitions may have had a negative impact on the firm's finances.

It was also reported around this time that Mr Boparan could be set to launch a fast-food chain in association with Reliance Retail, but shareholders protested that this was not a wise move.

 

© Quantica Search and Selection 2013