Latin America

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Guatemala: Coca-Cola FEMSA workers stand shoulder to shoulder with Coca-Cola Amatil Indonesia workers

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

Mexico'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

After five months of intense negotiations, the IUF-affiliated Union of Embol Santa Cruz signed a new collective bargaining agreement with the Bolivian Bottling Unidas fulfilling the expectations of workers.

"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

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

The IUF-affiliated Industrial Union of Workers in the Manufacturing and Marketing of Foods, Beverages, Soft Drinks, Beer, Liquor and Similar (SITRAFCOREBGASCELIS) in Panama reached an agreement with the Coca-Cola bottler FEMSA after more than a month of negotiations for a period of two years in September 2016.

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.