MPs have ‘exposed Kraft lies’, says Unite
16th March 2010
MPs have ‘exposed the lies’ that Kraft used in its controversial
takeover of Cadbury, Unite, the largest union in the country, said
today (Tuesday,16 March).
Jack Dromey, Unite’s deputy general secretary, was commenting
after the all-party business select committee grilled three top
Kraft executives for two hours today (16th March 2010) on their
conduct during the £12 billion takeover which has left a question
mark over the future of the 6,000-strong UK workforce.
Jack Dromey, who also gave evidence to the committee, said:
”Parliament has exposed the truth. Kraft lied.
”6,000 Cadbury workers will never trust Kraft’s chief executive
officer Irene Rosenfeld unless she personally meets the workers and
guarantees investment, no factory closures or compulsory
redundancies and that their pay and pensions are safe for five
years.
”The all-party select committee forced Kraft to take stumbling
steps in the right direction, but the company needs to go further
and agree a five-year guarantee to rebuild trust.
”The lasting legacy of this shameful saga must then be a new
‘Cadbury’s law’ banning hostile takeovers cloaked in secrecy of
successful British companies. Never again.”
ENDS
Notes to news editors:
Under pressure from MPs, Kraft executives gave initial
guarantees that there would be no compulsory redundancies or plant
closures in the next two years.
