Unions Dismayed As Axe Is Raised Over 5,000 Jobs ; Retail

Summary


The unions expressed dismay yesterday at claims that confectionery and drinks giant Cadbury Schweppes is planning to shed more than 5,000 jobs as part of a pounds 300 million cost-cutting drive.

The Dairy Milk maker is today expected to announce in a trading statement that around 10 per cent of its confectionery business workforce worldwide will be cut.

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Unions Dismayed As Axe Is Raised Over 5,000 Jobs ; Retail

It is in the process of separating its confectionery and US- based drinks operations, with rumours of mounting private equity interest in the pounds 8 billion beverage arm, which makes well known brands such as 7-Up and Dr Pepper.

The reported job cu...

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