Cadbury to cut 7500 staff worldwide

Britain's Cadbury Schweppes said on Tuesday [19 Jun 2007] it would slash 7,500 jobs, or 15% of workers at its confectionery division, in a major restructuring after the likely sale of its US soft drinks unit.

The group, which makes Dairy Milk chocolate, said in a statement that the process to sell Americas Beverages was "actively underway," while 7,500 jobs would go at its confectionery arm which employs some 50,000 staff worldwide. Trade union Unite, which has more than 2,000 members working for Cadbury in Britain, warned that the potential job cuts were a "grave concern."

(2007-06-29 12:20:49 SGT) [Biz] Permalink

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