Food kit warehouse closure puts 290 jobs at risk

Here is a story making headlines in the economy: Food kit warehouse closure puts 290 jobs at riskImage source, SOPA Images / GettyImage caption, Gousto, which has a warehouse in Lincolnshire, supplies meal kits that include fresh food and recipesPublished40 minutes agoA company that sells meal kits is to close its Lincolnshire warehouse, putting 290 jobs at risk. Gousto said it would shut its Clay Lake unit, near Spalding, and centralise the production of its food boxes at one site in Cheshire to reduce costs. The firm said it had heavily invested in its Warrington facility, where about 600 people work.

It also said running two warehouses was no longer efficient and was leading to duplication. Founder and chief executive Timo Boldt said the closure was "an incredibly difficult proposal given the impact on our colleagues in Clay Lake, who have contributed enormously to Gousto's journey over a number of years". "In a highly competitive food market, it is however essential that we operate as efficiently as possible so that we can continue to invest in our proposition and keep prices as low as possible for customers," he said.

"Our focus now is on supporting people through this process with care, respect and practical help. "The has contacted the company for a response. Listen to highlights from Lincolnshire on Sounds, and watch the latest episode of Look North.

Financial markets are tracking the development closely as investors assess the likely impact.