Weetabix’s sale for £1.4bn ($1.76bn) to US firm Post Holdings by its owner Shanghai-based Bright Food, was the biggest UK food sector deal to emerge last month.
The Unite union has called for urgent reassurances over the security of its members’ jobs at Weetabix, after the cereal manufacturer confirmed yesterday (April 18) it would be sold to US consumer giant Post Holdings for £1.4bn.
Weetabix’s Corby and Kettering factory workers have voted to strike over proposed shift changes, after talks between the manufacturer and the Union of Shop, Distributive and Allied Workers (Usdaw) broke down, the union claimed.
Weetabix is investing £16M in UK processing this year and rolling out a lean production programme across its factories after trialling it at Burton Latimer in Northamptonshire.
