4/05/2010

Kraft To Cadbury Workers: Leave Pension Plan Or Take Pay Freeze

http://consumerist.com/2010/04/kraft-to-cadbury-give-up-pension-or-agree-to-pay-freeze.html


Kraft has taken over Cadbury.

Kraft has warned 3,600 Cadbury employees that they'll face a three-year pay freeze if they don't agree to "voluntarily" opt out of the company's pension plan.

Separately, Kraft announced that CEO Irene Rosenfeld was getting a 40% pay hike this year, due in part to her "exceptional" management of the Cadbury deal. Rosenfeld's 2009 take will be about $26 million.

Bastards!