News

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Nicaragua: IUF affiliate signed a new contract with FEMSA reducing outsourcing

After two weeks of intense negotiations, the Union of Workers of the National Soft Drink Industry S.A. (SUT-INARSA) and Coca Cola FEMSA signed the new collective bargaining agreement which contains 74 clauses and will be valid for two years.

The Convention was signed on May 13 and established an average of 15 percent increase in economic terms, in some cases reaching 18 percent, for example for social benefits (food packages, productivity bonus, perfect attendance, uniforms, transportation, etc.).

Coca-Cola European Partners Now World's Largest Independent Coca-Cola Bottler

Coca-Cola European Partners announced on May 28, 2016 that the combination of Coca-Cola Enterprises, Coca-Cola Iberian Partners, and Coca-Cola Erfrischungsgetränke is now complete.

Soda Industry Fails to Stop San Francisco Law Targeting Sugar

Court denies request to stop city from requiring health warnings on advertisements

San Francisco is set to become the first U.S. city to require health warnings on advertisements for soda and other sugar-added drinks after the beverage industry failed Tuesday to get a court order to stop it.

South Africa: Minister Welcomes Coca-Cola Merger Deal

Economic Development Minister Ebrahim Patel has welcomed commitments between the Coca-Cola Beverages Africa (CCBA) merger parties - SABMiller Plc, The Coca-Cola Company and Gutsche Family Investments, as well as the South African government.

The commitments will be recommended to the Competition Tribunal in connection with the proposed creation of Africa's largest soft drink beverage bottling operation.

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.

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