Cadbury is to slash almost 600 jobs from its workforce – including staff from its UK head office – despite yesterday posting a rise in sales for the past three months of 11%.
The confectionery giant has confirmed that 250 jobs would go from its regional management teams and the head office, following the news yesterday that the company was reorganising its regional structure from four divisions into seven.
A further 330 jobs are to go in Australia and New Zealand.
The cuts comes as part of the “vision into action” plan drawn up last year, which aimed to slash costs by axing 7,500 jobs.
Despite the cuts, chief executive Todd Stitzer said: “We operate in a resilient category with a strong business model. Our revenue performance remains robust despite the weaker economic background.”
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