Friday, January 15, 2010

7000 Jobs Could Be Lost At Cadbury's

Thousands of jobs could move abroad if Cadburys is bought by US multi-national Kraft, says Unite.

Unite says 7,000 jobs could go if control of the British firm shifted to Illinois in the US and a further 20,000 jobs in the supply chain could be at risk if the hostile bid goes through.

In a briefing to Cadbury investors, the union also warned that the firm would be saddled with a "colossal" £22bn of debt if the merger was passed.

National Officer Jennie Formby said: "If decisions about Cadbury's future are transferred from Britain to Northfield, Illinois, it won't just be workers who lose. It will be Cadbury with its history of much-loved products and much-admired philanthropy, along with UK business, that suffer."

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