Proceeding contribution from Lynne Jones (Labour) in the House of Commons on Tuesday, 26 January 2010. It occurred during Adjournment debate on Cadbury.
Cadbury
I entirely agree with my hon. Friend, and I will mention such assurances later. As a result of the huge additional debt foisted on the business, as well as of the millions paid to bankers and accountants, Kraft is looking to make more than $675 million-worth of savings. I accept that some of that will come from so-called "synergies" within the business, but it will inevitably lead to corporate job losses. The question that my hon. Friend has raised is whether manufacturing jobs and jobs in research and development and innovation will be retained and will grow. Will Kraft retain the commitment to fair trade under Cadbury? Kraft has told me that it has great respect for Cadbury plc and its employees. It says that it is eager to build on Cadbury's iconic brands and strong British heritage and innovation. In response to criticisms of its closure of Terry's in York, it has emphasised that national brands such as Milka in Germany, Marabou in Sweden and Toblerone in Switzerland are still made in their biggest domestic markets. That may be the case. From comments made by the Prime Minister, it seems that similar assurances have been given to the Government. It is too early to take comfort from those assurances. Kraft says that it would "love to figure out" how to keep open the Keynsham plant that Cadbury would close. However, given that that was an early commitment in meetings with trade unions, I had hoped that it might be more definite about that by now. Nevertheless, there has been heavy investment in Bournville and other plants, and there can be no good reason for Kraft to run down such efficient operations. May I finish by asking the Minister exactly what the Prime Minister meant when he said that the Government would do everything they can to make sure that jobs and investment are maintained in Britain? How will that commitment be delivered?
Secondary information
- Type
- Proceeding contribution
- Reference
- 504 c785
- Session
- 2009-10
- Chamber / Committee
- House of Commons chamber
- Subjects
- Companies Employment Takeovers Economic recession Cadbury Kraft Foods
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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