Britvic's announcement last month that it planned to cut its operational costs by £30M by closing factories at Chelmsford, Huddersfield and a warehouse in Belfast may have been well received by City analysts, but came as a "bitter blow" to union Unite, which represents many of the 400 people who are likely to lose their jobs.
Britvic also plans to combine its businesses in Britain and Ireland, invest in its procurement and product optimisation and invest £10M in its international business.
Less than 10%
AG Barr's proposed reverse takeover of Britvic is currently the subject of a Competition Commission inquiry, which is expected to publish its decision at the end of July. Recent reports suggested some analysts were now putting the likelihood of it receiving approval at less than 10%.
Both firms announced their plans to merge in September 2012.
