Cadbury Schweppes is to set up a European regional headquarters in Rolle, in the canton of Vaud, southwestern Switzerland.

The project is expected to be completed in the summer and up to 120 jobs are expected to be created at the new base. 

Staff throughout Europe are expected to move to the new Swiss headquarters with the site the centre of Cadbury's European operations, excluding the UK and Ireland.

The Swiss headquarters of the firm are currently located in Zug, north central Switzerland.

Cadbury failed to return requests for further comment.