FDBusiness.com

‘Bitter’ Britvic blow as firm plans to leave historic UK base cutting 230 jobs

 Breaking News
  • Sysco Grows European Business Sysco Corporation is to acquire Kent Frozen Foods, a successful UK-based food service distributor with revenue in the year ended 31st December 2016 of £47 million. The acquisition, which is conditional upon approval from the Competition and Markets Authority, will see Kent Frozen Foods join Sysco’s other UK businesses, including Brakes, Fresh Direct and M&J [...]...
  • Nestlé Nominates Three New Independent Directors to its Board Nestlé has announced that it proposes Pablo Isla, Chief Executive Officer of Inditex; Kasper Rorsted, Chief Executive Officer of adidas; and Kimberly A. Ross, former Chief Financial Officer of Baker Hughes, for election to its Board of Directors. The elections will take place at the company’s Annual General Meeting on April 12, 2018. At that time, three current directors, [...]...
  • Increased Funding For Promoting Europe’s Agricultural Products The European Commission has launched the calls for proposals for programmes to promote European agricultural products throughout the world and within the EU. A total of €169 million is available to co-finance the programmes, up from €142 million in 2017. Programmes can cover a wide range of issues from general campaigns on healthy eating to [...]...
  • The Coca-Cola Company Announces New Global Vision to Help Create a World Without Waste The Coca-Cola Company has announced that it is fundamentally reshaping its approach to packaging, with a global goal to help collect and recycle the equivalent of 100% of its packaging by 2030. This goal is the centerpiece of the Company’s new packaging vision for a World Without Waste, which the Coca-Cola system intends to back with a multi-year investment that [...]...
  • Partnership that Mitigates Cross Contamination Fits Like a Glove Two world leaders in their respective fields have combined their expertise to create Europe’s first bona fide antimicrobial nitrile gloves. Unigloves new Fortified single use gloves incorporate silver ion technology from BioCote®, which has been scientifically proven to destroy 90% of bacteria within just 15 minutes and 99.5% in only two hours – BioCote is also proven effective [...]...

‘Bitter’ Britvic blow as firm plans to leave historic UK base cutting 230 jobs

May 20
11:26 2013

Trade union Unite has described the threat to 290 Britvic jobs across three UK sites as a ‘bitter blow’and aims to talk with management next week in a bid to save the firm’s historic Chelmsford factory.

Unite said its officers in Yorkshire and Northern Ireland hoped to hold similar talks with Britvic management – the firm makes Pepsi, Tango, Fruit Shoot, Robinsons brands – in the near future.

The union’s national officer for food and drink, Jennie Formby, said: “The threat to the jobs at the three sites is a very bitter blow for the workers and their families. We want to analyse the company’s statement fully and consult with our members.”

Strong future as a standalone

Glossing a “number of major initiatives” Panmure Gordon analyst Damien McNeela said they “make the case for the company as a standalone business and target cost savings of £30m by 2016, which compares with the £40m of synergies under the proposed merger with AG Barr.

“This provides the clearest indication that Britvic sees a strong future as a standalone entity,” McNeela added.

Analysts say that Britvic is strengthening its hand in case the UK Competition Commission (CC) rejects its proposed merger with AG Barr – to create an EU drinks firm – announced in November, or to force its rival to agree to a better deal if the CC clears it. A CC ruling is expected in July.

Britvic, under new CEO Simon Litherland, said yesterday that it wanted to close the Chelmsford site in 2014 as rolls out a plan to merge its UK and Ireland operations, which could mean a total of 300-400 job losses.

‘Very profitable company’: Unite

The plan involves cuts totalling £30m over the next three years, as pre-tax profits for the 29 weeks to mid-April hit £37.5m, up 50%, although sales fell 0.3% to £639.2m.

Britvic also plans to close its Pennine Spring water factory in Huddersfield with 40 job losses, and a warehouse in Belfast employing 20 staff.

“It should be remembered that this is a very profitable company and could well afford to keep all these existing operations going,” Formby said.

“Unite will be doing all it can in the coming weeks to support our members through this difficult period.”

Britvic built the Chelmsford site in 1954 – the company was founded in the city in the 19th century – and it manufactures soft drinks in cans, glass and plastic bottles there.

About Author

colin

colin

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • January 19, 2018International Green Week
  • January 20, 2018Sigep Rimini
  • January 24, 2018International Bulk Wine and Spirits Show (IBWSS)
  • January 28, 2018ProSweets Cologne (Int'l Sweets and Biscuits Fair)
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements