Restructuring

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Coca-Cola FEMSA Reaches an Agreement to Acquire Vonpar in Brazil

Coca-Cola FEMSA, the largest public bottler of Coca-Cola products in the world by sales volume, announces that its Brazilian subsidiary, Spal Industria Brasileira de Bebidas S.A.(Spal), has reached an agreement with the shareholders of Vonpar to acquire 100% of Vonpar, one of the largest privately owned bottlers in the Brazilian Coca-Cola system, for an aggregate enterprise value of R$3,578 million and an approximate equity value of R$3,508 million (which is subject to confirmation on debt, cash and other customary adjustments between signing and closing). During the last twelve months ended June 30, 2016, Vonpar sold 190 million unit cases of beverages, including 23 million unit cases of beer, generating R$2,026 million in net revenues and an EBITDA of R$335 million.

Sugar Tax Threatens Jobs, South Africa Coca-Cola Bottler Says

Plants could be closed if proposed charge is implemented
Government aims to reduce sugar consumption, tackle obesity

Coca-Cola Beverages Africa, the bottling joint venture between the U.S. soft-drink maker and brewer SABMiller Plc, may close South African plants and see profit in the country more than halve if the government pushes ahead with a proposed sugar tax.

Coca-Cola seeking excessive flexibility at Ghent plant in Belgium

Coca-Cola Enterprises which is in the midst of a major merger process with Coca-Cola Iberian Partners and Germany's Coca-Cola Erfrischungsgetränke AG announced its plans to renovate its Zwijnaarde bottling plant (Ghent, Eastern Flanders) on October 2015. The gradual refurbishment includes a 75-million-Euro investment but will lead to 122 job losses from workforce of 443 by 2018. The impact will be greatest in production where 116 of 263 jobs will be lost.  Following the loss of these 122 jobs, the company wants to bring in 20% hired labour or agency workers. Two canning lines will be closed and replaced by one high speed canning filling line. Two glass lines will also be closed and replaced by one high speed multi format glass line. The hot fill blowing line will also close.

Spanish Coca-Cola workers celebrate return to work after preventing closure of Fuenlabrada factory

More than 200 Spanish Coca-Cola employees are celebrating their return to work after they blocked the closure of a factory near Madrid. Legal victories for workers are rare in Spain, where one in five people are out of work.

Brazil: Coca Cola must reinstate the dismissed workers

Labor Justice dismissed the appeal of Sorocaba Refreshments on 13 May 2015 and the company now must reinstate the 200 workers dismissed earlier this year.

On 23 February 2015, 217 workers of Sorocaba Refrescos SA, which produces, markets and distributes Coca Cola Company products, received a notice from the company about their dismissal justified by the need to restructure the distribution services.

Spanish Supreme Court rules dismissed workers' rights were violated at Coca-Cola

On April 15, 2015 the Madrid Supreme Court announced its final verdict on the closure of four Coca-Cola factories in Spain and confirmed the previous ruling of the National Court which declared the Coca-Cola Iberian Partners' (CCIP) restructuring plan announced in January 2014 invalid. The  restructuring and the  closure  of  4  plants in  Alicante,  Fuenlabrada  (Madrid),  Palma  de  Mallorca  and Colloto (Asturias) affected  more  than  1190  workers  and  caused  the  forced  redundancy  of  821 employees.

Brazil: Court verdict in favor of dismissed Coca-Cola distribution workers

In late February 2015, more than 200 workers employed in the distribution of Sorocaba Refreshments, which produces and markets Coca Cola products, were fired during the Carnival holidays. The company sent a notification to the workers while transferring the entire fleet of trucks to a nearby town to outsource the service.

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