Executives from US food giant Kraft Foods and Cadbury will give evidence to a select committee of MPs on the takeover the UK chocolate firm next week.
The business select committee meeting, which will take place on 16 March, will discuss a number of “undertakings” Kraft gave before the acquisition.
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Attendees will include Marc Firestone, executive director of Kraft Foods, Trevor Bond, president of Cadbury, and Richard Doyle, human resources director of Cadbury. A representative from Unite, the union representing Cadbury’s workforce, will also be present as a witness.
Chairman and Conservative MP Peter Luff said: “Kraft gave a number of undertakings before its takeover of Cadbury. We will be testing those undertakings, and put Kraft’s plans for the future of Cadbury under the spotlight.
“We will also be seeking to identify any lessons that need to be learned from the process leading up to the takeover in the light of our earlier evidence session last month.”
Kraft has recently come under attack after going back on what some saw as a pledge to keep open a Cadbury factory in the south-west of England, which will now close with the loss of 400 jobs.
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By GlobalDataDuring the takeover battle for Cadbury, Kraft had said that it believed the factory – which Cadbury had planned to shutter – could be kept open.
According to a report by the BBC, the UK’s Takeover Panel has now launched an investigation into the move after it received a complaint.
