Union leaders have today called for a ‘Cadbury Law’ to prevent further British institutions from being bought out by international investors.
Unite also demanded that Irene Rosenfeld, Kraft’s chief executive, should meet with Cadbury workers in Britain and Ireland in order to offer an explanation as to why British jobs are being lost.
Its recent call for action comes after MPs released a damming report yesterday slamming the American food giant for the way it has handled its acquisition of the confectionary chain.
If the so-called Cadbury Law, which calls for the abolishment of such hostile takeover bids, is adopted it could help to safeguard the future of the British food industry, keeping operations at UK facilities and protecting jobs.
The takeover and subsequent relocation of British firms to overseas locations has a negative knock-on effect for the wider manufacturing sector.
Those in the bulk materials handling, transport and logistics and distribution markets can also suffer loss of trade through factory closures.
In the report, MPs stated that Kraft acted "irresponsibly" when it promised to save Bristol’s Somerdale factory only to announce later that it would close, with the loss of 400 jobs.
