Nearly 50 Canberrans are preparing for life without a job when local bread factory BUTTERCUPS BAKERIES closes its Fyshwick doors, in a move to Sydney.

The closure was a shock to staff when it was announced earlier this month by national food giant GOODMAN FIELDER.

Insiders say, production has gone down over the years – most likely because of increased rivals.

The company, in a statement, says it’s consulting with staff at the Canberra bakery, about operational changes.. It’s due to close by the end of the month.

However, the Fyshwick location will maintain a supply chain and distribution facility.

As part of the redundancy, redundant staff will receive 3 weeks of pay, for each year of service.

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