Cadbury to lay off 580 workers

Posted: 2008-10-15 23:58:48+05:30 IST
Updated: Oct 15, 2008 at 2358 hrs IST

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London, Oct 14: Chocolate maker Cadbury Plc has posted a 13% growth in emerging markets including India for the third quarter ended September 30, and said the firm will cut 580 jobs worldwide as part of restructuring initiative.

In a statement on Tuesday, the chocolate maker said it would be doing away with its four region operational structure, which would result in 250 job losses and another 330 positions would be removed in Australia and New Zealand as part of restructuring.

Noting that growth in emerging markets stood at 13%, Cadbury said confectionery growth was very good across our key Asian emerging market businesses, which had a strong quarter, with revenues up 19%.

—AP

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Cadbury to lay off 580 workers

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