London, Oct 27: Cadbury Schweppes Place, the world's third largest soft-drink producer and a leading Confectionary maker, said today it plans to cut 10 per cent of its 55,000-strong global work force. The company also said it plans to close some 20 per cent of the 133 factories it operates worldwide. Cadbury, which reported flat first-half earnings in June because of poor market conditions, said it expected the moves to yield savings of 400 million pounds (640 million us dollars) a year by 2007. The company did not specify in which countries the job cuts would be made, and a spokeswoman could not immediately be reached for comment. But Chief Executive Todd Stitzer said that "as and when we take action, people will be spoken to sensitively and thoughtfully." Cadbury last month said that trading in the financial year to the end of December would be broadly similar to its performance in the first half. Bureau Report