Kraft Defends Plan To Shutter UK Cadbury Plant

Law360, New York (March 16, 2010, 3:52 PM EDT) -- Under fire from U.K. politicians and union leaders, a Kraft Foods Inc. executive said Tuesday the company “acted in good faith” when it pledged to preserve a Cadbury PLC production plant that will now close its doors as part of the company's $19 billion takeover of the British confectioner.

Marc Firestone, Kraft's executive vice president, said during a hearing before the business, innovation and skills committee of the House of Commons that he was “terribly sorry” for the company's ultimate decision to close Cadbury's Somerdale factory....
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