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Workers show support for Cadbury | Workers show support for Cadbury |
(about 2 hours later) | |
Cadbury staff from across the UK and from Dublin are meeting in Birmingham to show their opposition to the hostile takeover bid by US firm Kraft. | Cadbury staff from across the UK and from Dublin are meeting in Birmingham to show their opposition to the hostile takeover bid by US firm Kraft. |
Members of the union Unite and MPs are unveiling a petition against the move, at the Cadbury Club in Bournville. | |
Cadbury, which owns brands such as Dairy Milk and Wispa, has rejected Kraft's bid, calling it "derisory". | |
Shareholders now have until 5 January to respond to the offer, which Kraft said was in the interest of both firms. | Shareholders now have until 5 January to respond to the offer, which Kraft said was in the interest of both firms. |
Unite has said it will contact all shareholders to urge them to reject Kraft's bid. | Unite has said it will contact all shareholders to urge them to reject Kraft's bid. |
On Wednesday, the petition will be taken to the House of Commons. | On Wednesday, the petition will be taken to the House of Commons. |
'Success story' | |
Unite's assistant general secretary Len McCluskey said there was worry among staff as to what the Kraft offer could mean for Cadbury. | |
"Cadbury is a great UK success story - and it was and is not for sale," he said. | |
"But suddenly, a hostile bid and swarming speculators has thrown its future, its investments plans and the jobs of thousands of workers here and in Ireland up in the air." | "But suddenly, a hostile bid and swarming speculators has thrown its future, its investments plans and the jobs of thousands of workers here and in Ireland up in the air." |
Unite met with Kraft in November and said the firm did not give any guarantees over the workforce. | Unite met with Kraft in November and said the firm did not give any guarantees over the workforce. |
Cadbury has plants in Birmingham, Dublin, Herefordshire and Somerset. | Cadbury has plants in Birmingham, Dublin, Herefordshire and Somerset. |
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