Cadbury to axe 700 jobs
Cadbury is to axe 700 jobs under restructuring plans, the firm has announced.
The company said in a statement it plans a phased closing of its Keynsham factory, near Bristol, from 2009 to 2010, affecting 500 staff.
It also proposes moving some chocolate assortment production from its Bournville site, in Birmingham, to Poland in 2008, resulting in around 200 job losses.
The statement said changes are needed to achieve "greater supply chain efficiencies".
Cadbury said it hoped to achieve phased redundancies through voluntary means, adding that it was now entering detailed consultation with workers at both sites.
However, the Unite union's national officer Brian Revell said the firm is acting like a "private equity asset stripper."
© Independent Television News Limited 2007. All rights reserved.
Post to Fark
Post to del.icio.us
Digg this story
Post to reddit
Post to Facebook
Post to StumbleUpon
Seed Newsvine
Post to GNN
Post to MySpace
ITN Source