Premier Foods set to axe 600 jobs

AOL Money Staff
Premier Foods
Premier Foods

Mr Kipling and Hovis firm Premier Foods has warned that it is to cut 600 jobs - 5% of its workforce - in a bid to save £40 million by next year.

The debt-laden group, which was recently given extra time by its banks to get its finances in order, wants to reinvest the savings in growing its eight key brands, which also include Batchelors, Ambrosia, Oxo and Bisto.