Confectionery giant Cadbury has announced 250 job cuts in its UK head office as part of the company’s ongoing restructuring.
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The job losses are the latest part of Cadbury’s ‘Vision into Action’ plan, a scheme unveiled last year to revitalise the business and which has already meant a series of cuts in recent months.
The programme was designed to boost Cadbury’s margins and saw the company set a target of reducing its global workforce by 15%. So far, Cadbury has axed manufacturing positions in the UK, Australia and New Zealand.
The 250 job losses announced today (14 October) would be achieved by “de-layering” regional management between Cadbury’s seven business units and the UK head office, the company said. The units will then report directly to CEO Todd Stitzer. The losses will include a number of senior managers.
Stitzer said: “Our new streamlined organisation, together with additional cost-reduction initiatives, will increase the focus on implementing our strategic plans and underpin delivery of our margin targets.”
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By GlobalDataA spokesperson for Cadbury told just-food: “Today’s announcement is all about the restructuring of business. We said that by 2011 we will have reduced the workforce by 15% so there will be further cuts but we are only a few years into the plan, so the cuts will happen within the four years of the programme.”
Meanwhile, Cadbury said it had reached an agreement with a “global partner” to progressively provide facilities management and related services to the company.
Subject to consultation, the company said it will likely result in the transfer of a “significant number” of existing roles and third-party contracts over the coming years.
