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.