Nichols Foods, the maker of branded and own label products such as Duerrs jams, Galaxy Instant Hot Chocolate and Maltesers drinking chocolate is to cut a further 60 jobs to reduce its cost base.

For the year to December 31 pre-tax profit before exceptional items fell to £5.6m from £6m last year.
Turnover rose to £96.2m compared to £94.1m in 2001.

The group said it was to outsource the manufacturing of soft drinks, including the Vimto, Indigo and Sunkist brands resulting in the closure of its Golborne factory and a loss of 60 jobs.

The closure of Golborne forms part of the group’s strategic review aimed at improving operating efficiencies and reduce its cost base. Earlier this month Nichols slashed 130 jobs due to the re-location of its Stockport factory.

Chairman John Nichols said: “In a difficult trading year, with no let up in competition and the inevitable pressure on margins, I feel that we can be pleased with these results, which are in line with expectations.”