Union leaders are to reportedly hold talks with Kraft Foods next week following the company’s hostile takeover bid for UK confectioner Cadbury.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Cadbury turned down Kraft’s GBP9.8bn (US$16.4bn) takeover offer, which will now go to shareholders for consideration.
Unite spokeswoman Jennie Formby told the BBC that the union would not be “fobbed off” with “bland assurances” about investment.
She added that the union was not going to take the “assurance of ‘don’t worry, your jobs will be safe with us and we will make investments’”.
The union said it has sought “concrete guarantees” for five years for jobs, sites, terms and conditions and pensions. “We are not going to be fobbed off with something that is just paying lip service to that,” Formby said.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataOn Wednesday, US chocolate giant Hershey and Italian chocolatier Ferrero confirmed their interest in buying Cadbury.
The Dairy Milk maker refused to be drawn on the reports, while Unite and Kraft were not immediately available for comment.
