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European Commission fines Oreo maker €337.5 million (www.euronews.com)

submitted 5 months ago by [email protected] to c/[email protected]

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According to the EU's executive branch, the company engaged in 22 anticompetitive agreements or concerted practices.

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[–] [email protected] 0 points 5 months ago* (last edited 5 months ago)

Will they actually collect this fine? (Serious question, not sure if companies are able finagle their way out with protracted legal cases).

If kit, that's at least a start on fines, but I'd bet even that much is trivial when their profits are many times that, they're probably owned by one of the 10 conglomerates that seem to own all food manufacturing, and they likely also use such dines as a wedge to build factories elsewhere.

Not sure what the answer is, but these massive conglomerates need to be broken up, somehow. Maybe individual countries start dis-allowing local manufacturing being owned by external orgs?