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Monday, July 5, 2010

Kraft scraps 'almost 75% of Cadbury jobs'

Food manufacturer Kraft Foods has scrapped almost three-quarters of the staff at British confectionery giant Cadbury's headquarters, it has been reported.

The Independent has learned only 45 of the 165 senior managers at the Cadbury headquarters have been given new roles in Kraft's expanded business.

Kraft, whose global headquarters is based in Chicago, US, has made the remaining 120 managers redundant.

"We always were clear that the global head office would be in Chicago and therefore that the UK-based head office employees would go into a consultation about redundancy," the news provider reported a Kraft spokesperson as saying.

Kraft has received significant criticism from various UK organisations this year following its £11.9 billion takeover of Cadbury.

During the acquisition bid, Kraft said it would keep Cadbury's Somerdale Curly Wurly factory, near Bristol, open.

However, after a deal was reached between itself and the British confectioner, it reneged on its pledge.

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