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Liverpool Echo
Liverpool Echo
World
Olivia Tobin

Greggs workers to get share of £7m bonus after 'amazing' vegan sausage roll year

Greggs workers are to get a share of the company's huge £7m bonus following a "phenomenal year" with the success of vegan sausage rolls.

Every employee of the country's biggest bakery chain will be paid a one-off bonus this month as a thank you for their contribution to the profits.

The bonuses will be paid at the end of the month.

Around 19,000 staff members who have been with the company since before March 31, 2019 will get £300 each, while the remaining 6,000 staff members will be paid £75 per quarter they have worked for the baker.

The company said its underlying pre-tax profit, even with the payout to staff, would be ahead of expectations when it announces the 2019 results in March.

Cheif Executive for the company Roger Whiteside said: "I am delighted to announce that we will also be making a special additional payment to all of our colleagues across the business who have worked so hard to deliver this success in what has been a phenomenal year."

Greggs' new vegan steak bake (PA)

It comes a year after the launch of Greggs' much-hyped vegan sausage roll, which has helped push up sales and extend the chain's appeal to a new audience.

The meat-free pastry snack, which is now being termed "iconic" by the company, has been followed by other initiatives with the recent launch of a vegan steak bake, and a vegan doughnut.

It promised to keep evolving to cater to other chosen diets.

The company said it has had a "phenomenal year" (Liverpool Echo)

Greggs opened 138 new shops, while closing 41, over the year, bringing its total to 2,050 across the UK. It said it plans to add a further 100 throughout 2020.

Sales grew 13.5%, compared to 7.2% growth in 2018. Like-for-like sales, which strips out the effect of shop openings and closures, were up 9.2%.

Mr Whitehead said:"Looking to the year ahead, we face strong sales comparatives and cost inflation headwinds present a challenge."

Among these challenges, which were predicted to be tougher than in recent years, are the increase in national living wage costs, the business said. It also warned that the rising price of pork was likely to impact the business.

In October, Greggs said it was stockpiling key ingredients, such as pork, ahead of Brexit.

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