Coronavirus

Redundancies announced at Valeo Confectionery in Yorkshire

By Anthony Myers contact

- Last updated on GMT

Poor sales of its sweets range has led to redundancies at Valeo Confectionery, the company has announced. Pic: Valeo Confectionery
Poor sales of its sweets range has led to redundancies at Valeo Confectionery, the company has announced. Pic: Valeo Confectionery

Related tags: Coronavirus, Confectionery

Poor sales during the COVID-19 pandemic blamed as 37 workers lose their jobs in North of England.

Valeo Confectionery has announced the loss of 37 jobs at its facility in Pontefract, West Yorkshire, UK, after a decline in sales of its classic sweets range due to the coronavirus pandemic.

Local media reported that 37 workers have been made redundant, 16 of which are compulsory.

“During the consultation process we have reduced the number of redundancies required. We are incredibly thankful to our colleagues for all their hard work throughout a very challenging period,” ​the Fox’s Mint maker said in a statement.

Ireland-based Valeo Foods acquired Tangerine Confectionery in 2018 for £127m​ and has factories in York, Liverpool, Cleckheaton and Blackpool, as well as Pontefract, which employs 162 members of staff, plus agency seasonal workers.

Sky News has also reported​ that private equity owner CapVest is now in talks to sell Valeo Foods and has appointed Goldman Sachs to oversee the disposal in the coming months.

Related topics: Manufacturers, Candy, COVID-19

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