Mondelez International has hammered out a deal with Cadbury staff that will see 200 jobs go at the UK chocolate business but “safegaurd” the future of Bournville for 25 years.

According to reports from Birmingham, where Cadbury is based, 200 workers are taking redundancy as part of a programme that ensures a previously announced GBP75m (US$113.9m) programme of investment.

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A total of 205 long-serving members of staff will exit the chocolate giant, with average redundancy payoffs of more than GBP100,000 each.

Mondelez International and the Unite union representing the workers were unavailable for comment at the time of writing.

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