frodder wrote: Wed Dec 16, 2020 3:15 pm
As mean as Brexit seems to have disappeared off this thread here's what it's really about
I wonder if and how Unilever will try to get some more money out of marmite by blaming brexit. It’s made in Burton on Trent, mostly from the by product of the brewing industry. Less than 5 % is exported, and the machinery to make it is also uk. The jars, labels and tubes I’m uncertain of.
When they still owned the Mayo factory in Purfleet, they tried using brexit and fx movements of a weakening pound to push price rises onto consumers - sadly the Tesco ceo was ex Unilever and knew that factory well and that 60% of the cost of goods there was the labour, so in fact it had got relatively cheaper for them to make it in uk than in one of their European plants, he told Unilever to gtfo.
At an internal meeting, a senior bod told 600 of us with a straight face that Unilever could only hedge currency movements 6 months in advance, that’s why they had to make uk redundancies. 599 people in that room believed him.