China’s Bright Food has announced a 60% stake in Weetabix. Unite has about 100 members at the company.
Unite national officer for food, Jennie Formby, said: “Bright Food has been looking to buy a food company in the UK for some time, so it is no surprise to hear that they are taking a large share in Weetabix, which has been owned by private equity company, Lion Capital since 2004.
“While it is too soon to know the impact this will have on the business, Unite’s concern, at times like this, is always to seek assurances from new owners that our members must not pay the price of any takeover with their jobs and/or a diminution in their employment conditions.
“However, we very much hope that the statements from Bright Food that they will be looking to develop and grow the business will instead lead to greater security.
“We would like a meeting with the new owners as soon as possible to seek reassurances that jobs will be safeguarded.”
Source: Unite
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