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02/02/2010
Cadbury Deal Closure Looms
Cadbury workers have called on the government to intervene in the takeover bid by a US foods firm.
Shareholder of the chocolate produce have until lunchtime today to vote on a £11.5bn ($18.9bn) offer put forward by Kraft.
Union members are concerned by the lack of guarantees over job security.
Unite has lobbied ministers to back employee retention. Lord Mandelson, the Business Secretary, is expected to meet Kraft chief executive Irene Rosenfeld to discuss jobs if the deal goes ahead.
Unite's deputy general secretary Jack Dromey said the union is concerned the takeover is not in the "national interest".
"In the months of this hostile takeover process, we have heard nothing from Kraft to calm fears that it is in the interest of the Cadbury workforce either," he said.
"The government must secure meaningful pledges from Kraft, and police them so that Kraft cannot again walk away from a UK workforce.
"Ministers must make it abundantly clear that closures and mass redundancies will not be accepted by the British government or the British people."
(PR/GK)
Shareholder of the chocolate produce have until lunchtime today to vote on a £11.5bn ($18.9bn) offer put forward by Kraft.
Union members are concerned by the lack of guarantees over job security.
Unite has lobbied ministers to back employee retention. Lord Mandelson, the Business Secretary, is expected to meet Kraft chief executive Irene Rosenfeld to discuss jobs if the deal goes ahead.
Unite's deputy general secretary Jack Dromey said the union is concerned the takeover is not in the "national interest".
"In the months of this hostile takeover process, we have heard nothing from Kraft to calm fears that it is in the interest of the Cadbury workforce either," he said.
"The government must secure meaningful pledges from Kraft, and police them so that Kraft cannot again walk away from a UK workforce.
"Ministers must make it abundantly clear that closures and mass redundancies will not be accepted by the British government or the British people."
(PR/GK)
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19 January 2010
American Firm Buys Cadbury
Directors at UK chocolate producer Cadbury have approved a £11.5bn ($18.9bn) buy-out deal by American food firm Kraft. Kraft said the deal would create a "global confectionery leader". However, fears have been raised over jobs at Cadbury's Bournville and Somerdale manufacturing sites.
American Firm Buys Cadbury
Directors at UK chocolate producer Cadbury have approved a £11.5bn ($18.9bn) buy-out deal by American food firm Kraft. Kraft said the deal would create a "global confectionery leader". However, fears have been raised over jobs at Cadbury's Bournville and Somerdale manufacturing sites.
14 December 2009
Cadbury Defends Takeover Refusal
Chocolatier giant Cadbury has claimed an international food conglomerate attempted to buy it "on the cheap". Cadbury rejected Kraft Foods's hostile takeover bid last month, describing it as "derisory".
Cadbury Defends Takeover Refusal
Chocolatier giant Cadbury has claimed an international food conglomerate attempted to buy it "on the cheap". Cadbury rejected Kraft Foods's hostile takeover bid last month, describing it as "derisory".
02 July 2003
Foods company to help fight obesity
In response to rising obesity rates around the world, Kraft Foods Inc. said today it will initiate a new series of steps to further strengthen the alignment of its products and marketing practices with societal needs. “The rise in obesity is a complex public health challenge of global proportions,” said Betsy D. Holden, Co-CEO of Kraft Foods.
Foods company to help fight obesity
In response to rising obesity rates around the world, Kraft Foods Inc. said today it will initiate a new series of steps to further strengthen the alignment of its products and marketing practices with societal needs. “The rise in obesity is a complex public health challenge of global proportions,” said Betsy D. Holden, Co-CEO of Kraft Foods.
10 February 2010
Kraft Confirms Cadbury Closure
Business Secretary Lord Mandelson has attacked Kraft Foods over it decision to close a Bristol-based Cadbury factory. Kraft bought the chocolate manufacturer earlier this month, having pledged its commitment to the British brand.
Kraft Confirms Cadbury Closure
Business Secretary Lord Mandelson has attacked Kraft Foods over it decision to close a Bristol-based Cadbury factory. Kraft bought the chocolate manufacturer earlier this month, having pledged its commitment to the British brand.
03 February 2010
Mandelson 'Disappointed' In Kraft
Kraft Foods' failure to provide job assurances to Cadbury's UK staff has "disappointed" the Business Secretary. Lord Mandelson said the US company would not commit itself to managing the chocolate brands in Britain. He spoke after holding talks with Kraft Chief Executive Irene Rosenfeld.
Mandelson 'Disappointed' In Kraft
Kraft Foods' failure to provide job assurances to Cadbury's UK staff has "disappointed" the Business Secretary. Lord Mandelson said the US company would not commit itself to managing the chocolate brands in Britain. He spoke after holding talks with Kraft Chief Executive Irene Rosenfeld.
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