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PRIVACY
Manufacturing

'Urgent' jobs talks called for by Unite as PG Tips sold to CVC Partners for £3.8bn

PG Tips has a major factory in Trafford Park

Pg Tips(Image: Publicity Picture)

Unite has called for "urgent" talks about the future of PG Tips' factory in Manchester after the brand was sold by Unilever to CVC Partners for £3.8bn alongside Lipton.

The tea operation, known as Ekaterra, runs 34 brands and generated £1.7bn of revenues in 2020, Unilever said.

Unite has said it has been negotiating for three years over terms and conditions at the PG Tips factory at Trafford Park where the union has 300 production and engineering members.

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The deal comes almost two years after Unilever started the process of reviewing and spinning off the operation, which is the world's largest tea manufacturer.

The acquisition is subject to regulatory approvals and is expected to complete in the second half of 2022.

The deal will not include Unilever's tea business in India, Nepal and Indonesia, the consumer group added.

Unite national officer Rhys McCarthy said: "The º£½ÇÊÓÆµ is a nation of tea drinkers and the loyal consumers, who put PG Tips in their shopping basket every week, will expect that º£½ÇÊÓÆµ workers are treated with decency and respect, not trampled over in the stampede for boardroom riches.