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Cadbury workers head to Commons Cadbury workers head to Commons
(about 3 hours later)
Cadbury's workers are at the House of Commons in London to urge MPs to show their support for the firm.Cadbury's workers are at the House of Commons in London to urge MPs to show their support for the firm.
US food firm Kraft has begun a hostile-takeover bid for the Birmingham-based confectioner.US food firm Kraft has begun a hostile-takeover bid for the Birmingham-based confectioner.
MPs are being asked to support an early day motion which backs the firm and staff also hope to meet with Business Secretary Lord Mandelson. MPs are being asked to support an early day motion which backs the firm and staff were also to meet Business Secretary Lord Mandelson.
Union Unite and Birmingham MPs unveiled a petition against the takeover on Tuesday.Union Unite and Birmingham MPs unveiled a petition against the takeover on Tuesday.
MPs from the West Midlands have tabled an early day motion in the Commons showing their support for Cadbury and noting that Kraft has closed 22 of its plants and cut 60,000 jobs over the last 10 years.MPs from the West Midlands have tabled an early day motion in the Commons showing their support for Cadbury and noting that Kraft has closed 22 of its plants and cut 60,000 jobs over the last 10 years.
The motion, tabled by Lynne Jones, Labour MP for Selly Oak, also raises concerns about how easy it is to launch a hostile takeover bid.The motion, tabled by Lynne Jones, Labour MP for Selly Oak, also raises concerns about how easy it is to launch a hostile takeover bid.
Cadbury, which owns brands such as Dairy Milk and Wispa, rejected Kraft's bid, calling it "derisory".Cadbury, which owns brands such as Dairy Milk and Wispa, rejected Kraft's bid, calling it "derisory".
Shareholders now have until 5 January to respond to the offer, which Kraft has said is in the interests of both firms.Shareholders now have until 5 January to respond to the offer, which Kraft has said is in the interests of both firms.
Cadbury employs 6,200 staff with plants in Birmingham, Dublin, Herefordshire and Somerset.Cadbury employs 6,200 staff with plants in Birmingham, Dublin, Herefordshire and Somerset.