UK-based bakery group Warburtons is looking to close its Giles Foods bakery in Milton Keynes.
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The company has started talks with the 218 employees at the site, according to British press reports.
Warburtons acquired bread and pastry manufacturer Giles Foods for an undisclosed sum in 2013, as part of what it said were plans to diversify its business.
Last month, Warburtons started the construction of a research and development center and test bakery adjoining its Bolton headquarters in north-west England.