"Happy Christmas!" from Cadbury

Saturday 17 August 2013

The US owners of Cadbury have been criticised for scrapping the annual Christmas gift boxes they used to send to thousands of retired staff, in order to cut costs. Mondelez International, which has taken over the brand, has written to retired workers telling them the festive offerings are being axed to help plug a £320m pensions deficit. Cadbury previously sent out 14,000 parcels each Christmas, containing chocolate and sweets for former staff. It is thought to be saving about £210,000 annually by abandoning the tradition.

However, in April it was revealed that Irene Rosenfeld, the Mondelez chief executive behind the takeover of Cadbury, had been awarded a 31.5% pay rise increasing her pay package from £14.4m to £18.9m.

To read more about this story, click this link.


Post a Comment

God Rest Ye Merry Gentlemen!

The Chrismologist © 2008. Template by BloggerBuster.