More than that though, I feel very uncomfortable with the way in which this deal has been concluded. The large pay-off to the Cadbury board: a reported £12 million to the managing director alone makes may question whether or not the British company's board simply put their own interests ahead of those not just of their workforce but also their shareholders.
The workforce at Cadbury have every right to feel somewhat betrayed- and the history of Cadbury makes the role of the workforce important. Cadbury was founded by a Quaker family upon Quaker principles. The huge pay-off that the board is now said to be in line for is an amount of money that would have shocked the founders as an example of naked greed. That it comes at the expense of the workforce whose interests Cadbury's founders always sought to protect and promote is -at best- a very unhappy situation, at worst it is a scandal.
If Cadbury was a French company, the job losses alone would make the French government at the least investigate the takeover. Unfortunately the real interests of the UK: maintain Britain as the headquarters of world class businesses are being drowned in the short term interests of the board of Cadbury.
This is a deal that Peter Mandelson should call in and at least investigate.
Yet he probably won't, and another part of Britain's business heritage is going to leave the UK. As we have seen with Nestle's takeover of Rowntree Mackintosh, being a branch of a global business diminishes British economic power and loses British jobs. Cadbury represents another step down for the UK and indeed for British companies on the London stock exchange.
A sad day indeed.