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Unions say job security key in Weetabix takeover

Unions wants assurances on jobs Credit: PA Images

Unions are calling for an urgent meeting with the new owners of Weetabix.

Unite represents more than 110 members, including engineering and technical staff at two sites – Burton Latimer and Corby in Northamptonshire.

The breakfast cereal company Weetabix has been bought by US consumer giant Post Holdings from the Chinese owners Bright Food Group, in a £1.4bn deal announced today.

Unite regional officer Sally Mortimer said:

“We will be seeking an urgent meeting with the new owner to seek assurances on job security and to ascertain the business plan going forward. We want to work constructively with the new management team to ensure the success of the iconic Weetabix brand and to safeguard the future employment for our hardworking and dedicated members.”

– Unite regional officer Sally Mortimer

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Cereal company taken over by Chinese firm

Weetabix factory Credit: ITV Anglia

Weetabix, the cereal maker based in Northamptonshire has been taken over by a Chinese company.

Shanghai firm Bright Food will take a majority sixty per cent share in Weetabix which will value the giant food manufacturer at £1.2 billion.

Weetabix, which also owns Alpen and Ready Brek, was founded in 1932.

It was family owned until 2004 when it was bought by a Texan private equity firm