Latin America
Guatemala: Coca-Cola FEMSA workers stand shoulder to shoulder with Coca-Cola Amatil Indonesia workers
07-12-2017
The IUF-affiliated Union of Workers of Embotelladora Central SA (STECSA) organized a solidarity demonstration for the victimized leaders and harassed members of independent unions at Coca-Cola Amatil Indonesia. Demonstration was supported by STECSA's members at a Coca-Cola FEMSA facility in Guatemala. Coca-Cola FEMSA workers chanted "an injury to one is an injury to all".
Coke Femsa loses key Brazil distribution deal; shares slump
26-07-2017Mexico's Coca-Cola Femsa, the world's largest Coke bottler, said it is poised to lose a key distribution contract in Brazil, sending its shares down 5 percent, even as it reported an 11.5 percent jump in quarterly net profit.
IUF affiliate in Bolivia signs new agreement with Coca-Cola bottler limiting outsourcing
14-10-2016"It was a difficult negotiation. From the beginning the company maintained its strict position especially in the discussion of economic clauses. But in the end 90 percent of our proposals were approved", said Irguen Loayza, the vice president of the Union Embol Santa Cruz.
Guatemala: Workers occupy the distribution center following illegal dismissals by Coca-Cola FEMSA
13-10-2016
The Central Bottling Company S.A. (EMBOCEN), the subsidiary of Coca Cola FEMSA in Guatemala, unilaterally decided to close the Jalapa distribution center, outsource the distribution of Coca-Cola products under a presales model and dismiss all workers on October 3, 2016.
IUF affiliate in Panama signs new agreement with FEMSA
11-10-2016Coca-Cola FEMSA Reaches an Agreement to Acquire Vonpar in Brazil
23-09-2016Coca-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.
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