LATEST: The move to close Cadbury’s Auckland factory might be good for the sharemarket but it’s “lousy” for the workers, says their union.
Cadbury yesterday announced plans to close its Avondale plant within two years, with the loss of up to 200 jobs.
Service and Food Workers Union (SFWU) spokeswoman Jill Ovens today accused the “global multi-national corporation” of putting market returns ahead of workers’ jobs.
“It’s not as if this company’s unprofitable,” she told Radio New Zealand.
“(Cadbury) said the stock market analysts are giving them a hard time because they are not making enough profit.