Premier Foods to shed about 600 staff to cut costs Premier Foods has struggled despite owning major brands including Mr Kipling.

Premier Foods has announced plans to sell off non-core businesses and cut about 600 staff in an attempt to double cost savings to £40m a year.

The firm behind brands including Paxo and Mr Kipling is to make about 5% of its 12,000 workforce redundant.

Its current cost-saving target of £20m is to be doubled by 2013, as it expects 2011's results to be at the "lower end" of market expectations