{"id":22885,"date":"2020-07-23T15:29:37","date_gmt":"2020-07-23T14:29:37","guid":{"rendered":"https:\/\/unitelive.org\/?p=22885"},"modified":"2020-07-23T15:29:37","modified_gmt":"2020-07-23T14:29:37","slug":"serious-mistake","status":"publish","type":"post","link":"https:\/\/unitelive.test.igniteamt.com\/?p=22885","title":{"rendered":"‘Serious mistake’"},"content":{"rendered":"
<\/div>\n\n

Unite has warned Unilever that plans to sell off its \u00c2\u01412.75 billion a year tea business, reiterated today (July 23) during the company\u00e2\u20ac\u2122s announcement of its half-yearly financial performance, are a \u00e2\u20ac\u0098serious mistake\u00e2\u20ac\u2122.<\/p>\n\n\n\n

Unilever confirmed that it is still planning to sell most of its tea divisions by 2021 following the release of the latest half year results that show the company\u00e2\u20ac\u2122s profits have climbed by 3.8 per cent.<\/p>\n\n\n\n

Unite has more than 150 members at Unilever\u00e2\u20ac\u2122s Trafford Park PG Tips factory in Manchester and represents more than 1,500 workers across the company\u00e2\u20ac\u2122s UK operations.<\/p>\n\n\n\n

Unite national officer Rhys McCarthy said, \u00e2\u20ac\u015bOur members, who continued to work in factories and at home during the Covid-19 pandemic, have been instrumental in ensuring Unilever has achieved a 3.8 per cent increase in pre-tax profits to \u00c2\u01413.5 billion during first-half of 2020. Despite this, the company is pressing on with plans to sell its profitable tea business by 2021, including PG TIPS, Brooke Bond and Lipton.<\/p>\n\n\n\n

\u00e2\u20ac\u015bUnilever conducted a similar process in 2018 within its spreads division, with Flora and I Can\u00e2\u20ac\u2122t Believe It\u00e2\u20ac\u2122s Not Butter sold to KKR\/Upfield just as plant-based foods exploded into the mainstream,” he added. “Doing the same thing with its tea division would be a serious mistake. It makes no sense to throw away businesses that still make considerable profits and have long term futures simply because they are not growing fast enough.<\/p>\n\n\n\n

\u00e2\u20ac\u015bOur members who produce tea at Trafford Park are deeply concerned at Unilever\u00e2\u20ac\u2122s plans to spin off a profitable \u00c2\u01412.75 billion a year business,” McCarthy went on to say. <\/p>\n\n\n\n

“Unilever normally prides itself on investing in the long term, but this decision is particularly short sighted given its purchase of Pukka Tea in 2017 and the recently launched Lipton cold brew teas. It is in nobody\u00e2\u20ac\u2122s interests except the speculators for Unilever to sacrifice profitable and sustainable businesses for the sake of short-term returns.\u00e2\u20ac\u0165<\/p>\n\n\n\n

By Ryan Fletcher<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Unite has warned Unilever that plans to sell off its \u00c2\u01412.75 billion a year tea business, reiterated today (July 23) during the company\u00e2\u20ac\u2122s announcement of its half-yearly financial performance, are a \u00e2\u20ac\u0098serious mistake\u00e2\u20ac\u2122. Unilever confirmed that it is still planning to sell most of its tea divisions by 2021 following the release of the latest […]<\/p>\n","protected":false},"author":2,"featured_media":22886,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[489,687],"wps_subtitle":"Unite slams Unilever plan to sell successful tea division as company profits climb","_links":{"self":[{"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=\/wp\/v2\/posts\/22885"}],"collection":[{"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22885"}],"version-history":[{"count":2,"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=\/wp\/v2\/posts\/22885\/revisions"}],"predecessor-version":[{"id":22888,"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=\/wp\/v2\/posts\/22885\/revisions\/22888"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=\/wp\/v2\/media\/22886"}],"wp:attachment":[{"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22885"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22885"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22885"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}