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Warning To Flora and Stork Buyers

Tuesday, November 28, 2017

GMB ISSUES WARNING TO POTENTIAL FLORA AND STORK BUYERS TO RESPECT UNILEVER ETHOS

It seems the botched takeover scared Unilever top brass into trying to appease shareholders at the expense of the workforce.

GMB, the union for Unilever workers, has issued a warning to potential buyers of the Flora and Stork brands to respect the company’s ethos.

Unilver has invited bids on the spreads section of its food empire – with private equity vehicles said to be lining up to make a purchase. [1]

The move is designed to appease shareholders after Unilver fought off £115billion takeover by Kraft/Heinz. [2]

The Unilever European Works Council (UEWC) has written to potential buyers calling on them not to asset strip the business. [3]

Eamon O’Hearn, GMB National Officer, said:

“Unilever has a proud history with many progressive employment practices – but this knee jerk reaction to a failed takeover bid puts all that in jeopardy.

“It seems the botched takeover scared Unilever's top brass into trying to appease shareholders at the expense of the workforce.

“We're warning potential buyes to respect Unilver’s heritage and safeguard jobs and the transfer of all employees while retaining all existing terms and conditions.”

ENDS

Contact: GMB press office on 07958 156846 or at press.office@gmb.org.uk

Notes to Editors:

[1] https://uk.reuters.com/article/uk-unilever-m-a-spreads/unilever-spreads-whets-private-equity-appetite-as-deadline-nears-sources-idUKKBN1CA2FL

[2] Unilever Must Reassure Workers Following Failed Takeover Wednesday, March 1, 2017 Company fought off threat of massive takeover – but spectre of ‘comprehensive review …to accelerate value for benefit of shareholders’ still looms.

[3] Contact GMB Press Office for a copy of the letter

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