Kraft Foods has been called before an influential MPs committee to explain its recent relocation of operations to Zurich.

Bosses from the US conglomerate, which bought Cadbury a year ago, will also be asked by the Business, Innovation & Skills select committee to give new reassurances over the security of UK jobs.

Cadbury veteran and European president Trevor Bond will appear alongside UK chief Nick Bunker and executive vice-president Marc Firestone at the hearing tomorrow.

The company came under fire last year after going back on a pledge to keep open Cadbury’s Somerdale production facility.

Kraft denies the decision to switch its headquarters to Switzerland is designed to reduce its tax liabilities. Critics suggest the move could cost the Treasury tens of millions of pounds in lost revenue.

Read more
Daily Bread: Krafty dealings (6 December 2010)
Kraft switch to cost exchequer £60m a year (6 December 2010)
MPs slam ‘irresponsible’ Kraft over Cadbury deal (6 April 2010)