Join the Socialist Party Join us today!

Printable version Printable version

Facebook   Twitter

Link to this page: http://www.socialistparty.org.uk/issue/492/2542

From The Socialist newspaper, 21 June 2007

How Cadbury's keeps shareholders sweet...

CADBURY'S HAS announced a 15% cut (up to 7,500 jobs) in their global workforce by 2011. It's not certain where the axe will fall in Britain. As well as chocolate manufacturing plants around Birmingham and Bristol, Cadbury has plants in Sheffield, North Wales, Herefordshire and Devon and offices in London and Hertfordshire.

Clive Walder Birmingham Socialist Party

The company want a 'radical programme' of cost-cutting whilst increasing sales of their core brands. Their idea of growth is peculiar; they closed 30 factories in the last four years in a programme called 'Fuel for Growth!'

Chief Executive Todd Stitzer admits he is under pressure to increase profit margins after they fell to 10.1% in 2006! He wants them up to 15-16%. The company isn't losing money, shareholders just think it isn't making enough and want workers to pay for it.

The company feel emboldened to make such cuts by the trade union leaders' supine attitude. Unite national officer, Brian Revell said: "We worked hard with Cadbury in recent years and co-operated in a change programme which means UK factories are extremely efficient. We are, therefore, concerned by today's announcement..."

There was no mention of possible industrial action or community campaigns to fight possible job cuts. These right-wing union leaders won't even fight job cuts in a profitable company!

A maintenance engineer at Bournville plant had a much better grasp on events when he told Birmingham's local press: "We knew it was going to happen, to keep the shareholders happy."

Probably the 'need' for cost-cutting stems from money spent on the group's expansion.

Workers shouldn't be made to pay. Cadbury's should be taken into public ownership and Cadbury workers should draw up a plan of production to safeguard jobs.

If union leaders can't even fight profitable companies we need to change them but we also need a workers' party that will give help and encouragement to workers fighting to save their jobs.

Why not click here to join the Socialist Party, or click here to donate to the Socialist Party.


In The Socialist 21 June 2007:

New PM... same old Bosses' agenda

Brown stresses 'continuity' with Blair

Manchester council swings the axe


Workplace news

Postal and post office workers demand action

National shop stewards' network

Workers must fight Ford sell-off plans

UNISON Leadership get a roasting from angry delegates

No UNISON witch-hunt!

Greenwich UNISON wins concessions

NUT miss opportunity on pay


Socialist Party NHS campaign

Stop Hatchet Hewitt's NHS plans now

Blood centre workers fight job cuts plan


Socialist Party news and analysis

Something for everyone at the summer camp

How Cadbury's keeps shareholders sweet...

Arise... Sir Stephen who?


War and terrorism

Withdraw occupation troops!

Palestinian infighting blows apart 'national unity' government


Socialist students and ISR

Have Scottish students got free education?

Eye-witness from the G8

Why you should join ISR


Workplace news and analysis

Deskilling and destaffing - Tube bosses' dream

PCS leadership recommends new deal to members


Global Warming

Turning the tide for alternative energy


International socialist news

South Africa - third week for public-sector strike


 

Home   |   The Socialist 21 June 2007   |   Join the Socialist Party

Subscribe   |   Donate  




Related links:

Cadbury:

triangleThem & us

triangleThem & Us

triangleNottingham march against billionaire tax dodgers

triangleFast news

triangleCadbury's bosses opt for a sugary takeover

Birmingham:

triangleUni market 'failure', two-year degrees - end cuts, scrap fees!

triangleBirmingham South East Socialist Party: Can the Labour Party be changed?

triangleSocialist Students day of action demands free education

triangleBirmingham bin workers win!

Public ownership:

triangleRetail sector crunch: nationalise to save jobs

trianglePFI privateers dodge tax

triangleRoyal Mail bosses block strike - back postal workers

Reports and campaigns

Reports and campaigns

13/12/17

Woolwich

Support the Crossrail Woolwich walkout

13/12/17

Devon

Totnes MP uses coffin controversy to distract from brutal NHS cuts

13/12/17

Miners

Tory plan to hold dinner at coal mining museum defeated

13/12/17

Bradford

Bradford campaign to save children's services launched

13/12/17

Housing

Six months on - still no justice for Grenfell

13/12/17

Fracking

Movement growing against fracking giant Ineos

13/12/17

South London

South London health bosses' cover-up

13/12/17

Blacklisting

Unite day of action against blacklisting

13/12/17

Brighton

Brighton victory

13/12/17

Newham

Newham anti-academies strikes

13/12/17

Tamil Solidarity

Tamil Solidarity and Refugee Rights activists meeting

7/12/17

Blacklisting

Unite protest against blacklisting

7/12/17

RMT

Anti-DOO lobby of Liverpool's transport committee

6/12/17

Donald Trump

Mobilise to stop bigoted billionaire Donald Trump's state visit to Britain

6/12/17

Transport

Arriva bus strikers stand firm

triangleMore Reports and campaigns articles...


Join the Socialist Party
Subscribe to Socialist Party publications
Donate to the Socialist Party

triangle13 Dec Support the Crossrail Woolwich walkout

triangle8 Dec Local government pay: fight for the 5% claim, fully funded

triangle6 Dec Strikers rally in Liverpool

triangle6 Dec Corbyn's Labour can defeat Tories with socialist programme

triangle5 Dec Victory at Glenfield shows people power can save our NHS

triangle5 Dec Labour council Blairites deselected

triangle30 Nov Victory: Glenfield Children's Heart Centre saved!

More ...

triangle13 Dec Caerphilly Socialist Party: Are we heading for an era of war?

triangle14 Dec Wakefield Socialist Party: Universal Credit - the Tories' latest assault on the poor

triangle18 Dec Leeds Socialist Party: Religion and Socialism

triangle19 Dec Bristol North Socialist Party: Christmas social

More ...

Socialist Party Facebook page
Socialist Party on Twitter
Visit us on Youtube

Archive

Archives:

December 2017

November 2017

October 2017

September 2017

August 2017

July 2017

June 2017

May 2017

April 2017

March 2017

February 2017

January 2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

2001

2000

1999

Legal

SP RSS feed RSS

Platform setting: = No platform choice

V2