andrewducker (
andrewducker) wrote2010-02-10 12:47 pm
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Amusement
Name the following business.
It has a workforce of 39,000 outside the UK, with just 6,000 staff in Britain.
Its biggest business is chewing gum.
The focus of much recent investment has been Poland, to replace UK production.
And 50% of the business and management came from the takeover of the confectionery company Adams from an American drugs business some five years ago.
Who is this faceless, heartless global conglomerate, which opportunistically shifts its capital and people to wherever the financial returns are greatest?
It's Cadbury.
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Exactly. All this pro-Cadbury anti-Kraft nonsense I'm seeing everywhere is incredibly naïve about how businesses work.
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I will accept that they always had the intention to move one of their premises to Poland. This is disappointing, but it wasn't something hidden or lied about, unlike Kraft who assured the government and shareholders they would reverse this as early as last week without any intention to do so.
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It is now owned by a US private equity firm I believe.