Mondelez International Inc has moved to reassure the 1,000 workers at its Banbury Kenco coffee factory stating it’s ‘business as usual’ despite announcing a new joint venture for its coffee brands.
The firm announced its intention yesterday (Wednesday) to combine the coffee aspect of its business with Douwe Egberts Master Blenders to create a new coffee corporation with annual revenues of more than $7 billion (€5 billion).
The new company, to be called Jacobs Douwe Egberts (JDE), will be based in the
Speaking to the Banbury Guardian Mondelez’s head of communications for the UK, Jo Bradley said workers at the Banbury plant have been fully informed of the changes and there are currently no plans to lay off staff.
She said: “Our priority is the employees and they were the first people we talked to. We’ve been very clear and shared everything with them.
“Everyone working in the coffee business moves lock and stock into the new venture.”
However she added that talks on the joint venture we she said was ‘really exciting news’ are still in the early stages and the full details of its impact are yet to materialise.
The process is not expected to be complete until late 2015.
The move is part of $3 billion dollar restructuring programme which is expected to lead to some reduction in firm’sthe workforce.