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Cadbury Dublin plant to escape further cuts

Cadbury Schweppes - Sweet sites to be closed
Cadbury Schweppes - Sweet sites to be closed

Cadbury Schweppes' announcement this morning that it is to cut its global workforce by 15% will result in no further job losses for its operation in Dublin. 

Last October the company said it would cut 450 positions over the next two to three years at its plant in Coolock, where it employs 1,100.

The company hopes to reduce the staff numbers in Ireland through voluntary redundancies. It is also investing €100m in the plant.

Earlier, the confectionery and drinks company announced plans to cut its global workforce by around 15% - equivalent to around 7,500 jobs.

It said it would reduce its number of confectionery sites by 15%. The company employs an estimated 50,000 people in confectionery worldwide.

The restructuring comes amid plans by the company to split itself in two, with its US-based drinks operation, which makes 7-Up and Dr Pepper, set to be sold. Following the separation, the company will be renamed Cadbury.

It has already received expressions of interest in the division, which is worth an estimated £8 billion.

Analysts have suggested that if the demerger does take place, Cadbury's confectionery business would be exposed to potential takeover interest, possibly from Hershey or Kraft.

The group did not give details of where it intended to close factories or cut jobs. However, it called the measures a 'radical programme of cost reduction and efficiency', adding that it would affect all parts of the group.

The group now has 35 confectionery sites across Europe, the Middle East and Asia, with another 59 bottling and manufacturing sites across the globe.