(Reuters) - The Dairy Milk chocolate and Trident gum group said it will move its Berkeley Square head office in Mayfair, occupied by 200 staff, during early 2008 to new offices in Uxbridge, west of London, and near the capital's main airport at Heathrow. Cadbury's cost-cutting package is expected to trim around 200 million pounds off annual costs, according to sources close to the situation, and will be presented on June 19 with its new strategy for its chocolate and sweets business. The plan will include factory closures among Cadbury's 60 worldwide confectionery plants and cut its global sweets workforce of around 50,000 as the group prepares to sell off its multi-billion pound North American soft drinks business and become a focused confectionery group.
As part of group restructuring, Cadbury is dividing its confectionery world into four regions with similar revenues streams rather than its old three-region structure.
Read more at Reuters.com Mergers News
As part of group restructuring, Cadbury is dividing its confectionery world into four regions with similar revenues streams rather than its old three-region structure.
Read more at Reuters.com Mergers News
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