News

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SABMiller, Coke Agree with South Africa Over Bottling Merger

SABMiller and Coca-Cola have agreed with the South African government to win approval for a deal to combine their soft-drink operations.

The agreement with the South African Ministry of Economic Development includes a three-year freeze on layoffs and the companies investing 800 million rand ($54 million) to support small South African businesses.

USA: Reyes Holdings to Acquire Six Midwest Coca-Cola Production Facilities

Reyes Holdings announced that its Chicago-area Coca-Cola distributor, Great Lakes Coca-Cola Distribution, has entered into a letter of intent with The Coca-Cola Company to acquire six production facilities in Alsip and Niles, Ill.; Detroit and Grand Rapids, Mich.; Eagan, Minn.; and Milwaukee, Wisc.

Coke Profit and Revenue Fall as Volume Is Flat

Coca-Cola reported that revenue and profit declined in its latest quarter as soda volume was flat amid weakness abroad.

Shares, up 13% over the past three months, fell 1.8% premarket to $45.77, although results edged in just above Wall Street's expectations.

Dominican Republic: SinatraBedsa union signs new agreement with Coca-Cola

On January 8 2016, after a long negotiation marked by the employer's  intransigence, the IUF-affiliated National Union of Bepensa Dominicana SA (Sinatrabedsa) and the Coca-Cola bottler in the Dominican Republic signed a new collective agreement.

Coca-Cola European Partners on course for June completion

The creation of the Coca-Cola European Partners joint venture has moved a step closer, with registration of the entity gaining clearance in the US.

Guatemala: STECSA and FEMSA sign new collective bargaining agreement

On the night of March 3, after 14 months of difficult negotiations and a suspension of nearly five months of negotiations, the Union of Workers of Embotelladora Central SA (STECSA) and Coca Cola FEMSA reached an agreement and signed the new collective bargaining agreement that will be valid for two years.

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