Early day motion tabled by primary sponsor Lynne Jones (Labour), on Tuesday, 15 December 2009, in the House of Commons. It is signed by 49 members in total.

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KRAFT BID FOR CADBURY

That this House celebrates the fact that Cadbury has shown both its capacity and potential as a standalone company to deliver sustainable growth through the production of high-quality products; notes with concern the hostile bid for Cadbury by the Kraft corporation; further notes with alarm Kraft's record of closing 22 plants and cutting 60,000 jobs in the past decade in a desperate bid to cut costs, and the high level of debt which Kraft already carries; is concerned about the ease with which a hostile takeover bid can be made for a UK company; fears that the takeover of a profitable and well-loved company will lead to further job losses on a considerable scale; believes that decisions concerning investment in UK and Ireland plants must be made in these isles and not in some far-off boardroom; and congratulates Unite the Union on its campaign to maintain Cadbury as an independent and successful company.

Amendments

The Early day motion has received 2 amendments.

476A2

at end add `congratulates Cadbury's on its fair trade policy; and notes the reservations of the financial press towards other potential partners such as Hershey's, in particular in regard to concerns about the effect which a bid by Hershey's would have on their own credit rating.'.

476A1

at end add `though it regrets that Cadbury showed scant regard for its employees when it closed the Trebor factory in Colchester.'.

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Secondary information

Type

Early day motion

Reference

476 

476A2 

476A1 

Session

2009-10

Other sponsors

Lindsay Hoyle

Richard Burden

Ken Purchase

Jim Cunningham

Baroness Stuart of Edgbaston

Subjects

Companies

Link

View this Early day motion on www.parliament.uk