Cadbury Cuts

October 15/Toronto/The Toronto Star-- Cadbury PLC is cutting 580 jobs, or about 1.3% of its workforce, as it moves to streamline operations even as it reported improved third-quarter sales.

The maker of Dairy Milk chocolate and Trident gum posted a 6% rise in underlying sales for the three months to September 30, adding that it is on track to meet its annual sales and margin goals.

Cadbury said global financial turmoil makes predictions about future trading difficult, but pointed out that its business is fairly resilient by nature. Shares in the company rose more than 6%.

From the October 27, 2008, Prepared Foods e-Flash

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