Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Sector
Manufacturing
Manufacture Of Food And Beverage
Manufacture Of Food Products
10 - Manufacture of food products

5,500 jobs
Number of planned job losses
Job loss
Announcement Date
28 October 2003
Employment effect (start)
Foreseen end date

Description

Cadbury Schweppes reduction plan will affect 10% of its workforce and 20% of its 133 factories around the world. Management said it would save Euro 600 million a year by 2007 and therefore, bring its costs in line with competitors after several large acquisitions.


Sources

  • 28 October 2003: The Guardian

Citation

Eurofound (2003), Cadbury Schweppes, Internal restructuring in World, factsheet number 59932, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59932.