Cadbury Lay off Job Cut: Cadbury Fires 580 employees

Cadbury which is listed on the NYSE or NewYork Stock Exchange, came out with the results today and also brought bad news for its employees. It mentioned that it will go for Cadbury Lay off or Cadbury job Cut and will fire a total of 580 employees in different offices across the globe. Official Site of Cadbury.

Though the Third-quarter sales slowed from a 7pc rise in the first half, but beat analysts' forecasts for a 5pc gain.

As like any other company firing employees, Cadbury has attempted to justify the job cuts as a part of a plan announced in 2007 to reduce staff levels by 15pc in order to boost profit margins to the "mid-teens" by 2011.

As per the news, there will be around 250 job cuts by Cadbury . It appears that nobody at any level will be spared. The Cadbury Lay off will include senior managers, because Cadbury is getting rid of its regional structure. Cadbury will have seven business units which report directly to chief executive Todd Stitzer, instead of reporting to regional heads for Europe, the Americas, Asia Pacific and 'BIMA', or Britain, Ireland, Middle East and Africa.
Then there are other 330 job cuts which will be done by Cadbury in the Australian Units, where Cadbury plans to reduce the range of products it makes and reorganise its supply chain. They are still wondering whether to keep or sell its drinks business in the country, after getting rid of its US and European soft-drinks units.
Let's hope that alternative jobs are available to the affected employees of Cadbury.