Newspaper article The Evening Standard (London, England)

500 Jobs Go after Barr Bags Britvic

Newspaper article The Evening Standard (London, England)

500 Jobs Go after Barr Bags Britvic

Article excerpt

Byline: Russell Lynch

UP to 500 staff will lose their jobs over the next three years following AG Barr's [pounds sterling]1.5 billion merger with struggling rival Britvic, the two companies admitted today.

The deal, which brings together brands such as Irn-Bru, Rubicon, Fruit Shoot and Robinsons, will create one of Europe's biggest soft drinks companies with a 14% share of the UK market.

The [pounds sterling]35 million in annual savings pencilled in as a result of the deal will see 8-12% of the two firm's combined 4,300 staff lose their jobs. AG Barr chief executive Roger White, who will lead the new company, said the jobs will go in "corporate activity" -- likely back office staff and management -- but declined to elaborate further. "What we are creating here is something that will create strong business, which was forced to recall its Robinsons Fruit Shoot bottles in the summer at a cost of [pounds sterling]25 million due to a problem with the cap.

Britvic traces its history back to the mid-19th century when it began trading as the British Vitamin Products Company, although it started selling under the Britvic name in 1949. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.