It seems like the poor economy has affected even the nations favourite chocolate and biscuit makers – Cadburys, after it was announced they are to axe christmas boxes for the Cadbury Pension Fund in a bid to save money.
Every year, members of the cadbury pension fund receive parcels from Cadburys, who were recently taken over by American brand ‘Kraft’ and then split in half, with Mondelez looking after Cadburys.
“We understand this decision is unlikely to be well received but, as the custodians of the Cadbury Pension Fund, we hope members will understand we have a duty to make sure it’s run efficiently. We face increasing pension costs at a time when the number of pensioners within the Fund is rising annually and it’s simply no longer viable to send 14,000 parcels out each year. We have the long term interests of the Pension Fund at heart and made a commitment earlier this year to pay additional special contributions of £30m a year until 2019 to address the fund’s deficit.” said a spokesman for the brand earlier today.
Instead of receiving the usual chocolates and biscuits, pensioners will now receive a one off voucher to the worth of £15. The move is expected to save the company £300,000 per year.
What do you think of the new move from Mondelez?