On February 2nd shareholders of Cadbury Chocolate - the two-hundred year old British Company - decide whether they continue to hold stock in Cadbury after Kraft Foods purchases it. Kraft, has sold cheese in America since the early 1900’s and now employs “98,000 people and owns 168 manufacturing and processing facilities worldwide.”
The purchase of Cadbury by Kraft, both believe will increase benefits by shareholders. Stocks were up 3.5% on Tuesday. Still, there are doubts about the merging of these two tycoons, and that is United Kingdom jobs. According to the article “Cadbury agrees Kraft takeover bid” from BBC news, unions, among others, are concerned over Kraft costing UK jobs and Kraft has not ruled out these types of cost-cutting measures.
Outsourcing has come under serious scrutiny in the US over the past couple years, and it is obvious that we may not be the only ones feeling a burden of sorts. The reality, however, may be that jobs are outsourced, but the people working under heinous conditions is now very limited, especially after the Nike and Starbucks scandals. Maybe these guys have learned their lessons?
An article was used from http://news.bbc.co.uk/2/hi/business/8467007.stm “Cadbury agrees Kraft takeover bid.” Accessed 19 January 2009.
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