IUF | Coca-Cola Workers Network | Category : Company News

Food price storm will continue - Coke boss

High commodity and food prices were unlikely to calm down any time soon, Muhtar Kent, the president of Coca-Cola, said yesterday

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The Coca-Cola Company's New Succession Plan Fails to Create Independent Board Leadership - Teamsters

In response to the new leadership structure of The Coca-Cola Company announced on 6 December 2007, The International Brotherhood of Teamsters has criticized the failure to establish the independent board leadership critical to ensuring objective board oversight and management accountability.

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In the spotlight – Muhtar Kent [just-drinks.com]

Coke's choice of Muhtar Kent as its next CEO ensures a smooth transition from Neville Isdell, and has gone down well with the company's bottling partners. But while the promotion of a chief operating officer associated with so much progress made by Coke in recent years can be seen positive, Chris Brook-Carter believes Kent faces some stern challenges, not least shaking off controversy over his alleged involvement in insider trading in the 1990s.

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SABMiller joint venture buys its first brewery in Australia

SABMiller and Coca-Cola Amatil have agreed to buy Bluetongue Brewery, gaining their first beer plant in Australia.

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Coca-Cola forms threesome to quench coffee demand

The Coca-Cola Company hopes to meet growing demand for ready-to-drink coffee products by announcing yesterday that it will extend an agreement with Italian group Illycaffè to form a three-way joint venture with one of its bottling arms.

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TCCC to sell 18 million shares in Coca-Cola Amatil to purchase stake in Coca-Cola Korea

The Atlanta Journal-Constitution 09/28/07

Coke plans to sell part of its stake in Australian bottler Coca-Cola Amatil to raise cash for new investments, the bottler announced Thursday.

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Free trade must be promoted, says Coke chief

Neville Isdell, chief executive of Coca-Cola, has criticised corporate leaders for not speaking out against protectionism, warning that the failure of big business to convince politicians and public opinion of the benefits of free trade will harm global growth and companies’ profits.

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Korea: Coca-Cola Amatil sells to LG, LG sells to Coca-Cola Co

Food Week Online, 2 August 2007

The Coca-Cola Co will acquire 10% of South Korean bottling operations sold by Coca-Cola Amatil to LG Household and Health Care.

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Coca Cola to build $10.4m regional headquarters in Nairobi

Soft drink giant Coca Cola is finally putting up a Ksh700 million ($10.4 million) headquarters building to oversee its operations in 27 East and Central African countries, after years of shuffling its regional offices.

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Coca-Cola king takes UN stage in green drive

E Neville Isdell has come a long way from delivery boy in apartheid South Africa to chief executive of the world's largest drinks group, The Coca-Cola Company , and now, United Nations champion of environmental protection

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Coca-Cola king takes UN stage in green drive

E Neville Isdell has come a long way from delivery boy in apartheid South Africa to chief executive of the world's largest drinks group, The Coca-Cola Company , and now, United Nations champion of environmental protection

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SLOVAKIA: CCHBC starts new water line at its Luka unit

CCHBC invested 14.8 mln eur to add new bottling line at its Luka facility for a new water product called Bonaqua, to produce 30,000 bottles an hour.

To read a full article on this topic in ENGLISH click here.

Coke vows to reduce water used in drink production

Coca-Cola said on Tuesday it will reduce the amount of water used to produce its beverages and put more effort into recycling the water it uses in manufacturing.

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Coca-Cola bids for healthy image

Coca-Cola has bougThe deal, Coca-Cola's biggest ever acquisition, marks a massive investment in the market for beverages trading on a sporty lifestyle.

Glaceau will continue to operate as a stand-alone business unit of Coca-Cola, which wants the new product range to kick-start lacklustre US sales.

Coca-Cola promised that Glaceau would "create value" for its shareholders.

ht out New York state-based health drinks firm Glaceau for $4.1bn (£2bn).

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Australia's C-C Amatil Draws Bids for S.Korea Unit Reuters

Yesterday was the deadline for bids for the purchase of Coca-Cola Bottling Corporation (CCKBC) from Coca-Cola Amatil. According to local news reports bidders include Korean food and beverage firms CJ, Lotte ChilsungDongwon F&B, Namyang Dairy Products, Samlip General Foods and the private equity fund, CVC Capital Partners.

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JAPAN: Coca-Cola West to continue bottler consolidation

Source: just-drinks.com

Coca-Cola West Holdings is looking to buy a large stake in another Coke bottler in Japan, according to reports.
Nikkei Report said that Coca-Cola West is looking to acquire a 20% stake in Minami Kyushu Coca-Cola_Bottling at some point in April. Coca-Cola West may look to make Minami Kyushu an "equity-method affiliate".

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CCE: while 3,500 jobs are to go executives get "discretionary cash awards"

CCE : alors que 3.500 postes sont supprimés les cadres obtiennent des primes 'extraordinaires'

Coca-Cola Enterprises will pay seven top executives $3.6 million in "discretionary cash awards" to replace bonuses they missed after failing to hit performance targets. The awards, granted Feb. 8, were disclosed in a federal filing Wednesday, just a day after Chief Executive John Brock announced the bottler will cut 3,500 employees in the next two years. Brock, 58, will receive a cash award of about $1 million, according to the filing. His annual salary is about $1.1 million.

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CCE EUROPE: Cécile Bernheim appointed director, strategic planning Europe - to work with Dominique Reiniche

Source: Stuart Todd

The Coca-Cola_Co. has announced the appointment of Cécile Bernheim to the newly-created post of as director, strategic planning Europe. Based in Paris, Bernheim will participate in the elaboration of a European development strategy and analyse the company’s market performance in the region. She will work in close collaboration with Dominique Reiniche, Coca-Cola’s president, Europe. Aged 49 and a qualified biological pharmacist, Bernheim joined Coca-Cola Beverages in 1992 holding the posts of regional director and French director of non-household market sales. She was promoted to the group’s European management team in 2003 becoming global account director, a post she held until her current appointment.

GLOBAL: Coca-Cola, use it and toss it. Saving the planet and the workers.

GLOBAL: Coca Cola, úselo y tírelo - Salvando al planeta y a los trabajadores

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Source: Gerardo Iglesias. IUF L/A Regional Secretary

While in Argentina Sprite launched an “environmental” campaign in the beaches of Villa Gesell under the slogan “We’re all environmentalists with the can at hand,” in the United States Coca-Cola announced that what it will be canning is 3.500 employees.

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ANALYSIS: CCE pays heavy price for Coke’s lack of imagination

ANALYSE : CCE paye un prix lourd du à la manque d'imagination de Coca-Cola

Source: Annette Farr

The announcement of major restructuring and 3,500 job losses at Coca-Cola Enterprises (CCE) says as much about The Coca-Cola Company as it does about its largest bottler. Annette Farr examines the underlying reasons behind CCE’s current malaise and suggests it is Coca-Cola’s failure to keep pace with rival PepsiCo in product innovation that has been the bottler’s prime problem.

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US/EUROPE: CCE to axe 3,500 jobs

Etats-Unis/Europe: Coca-Cola Enterprises va supprimer 3.500 emplois

EUROPA/EEUU: Coca-Cola Enterprises planea 3.500 despidos en Norteamerica y Europa

just-drinks.com

Coca-Cola Enterprises (CCE) chief executive John Brock has revealed that the “majority” of the company’s planned 3,500 job cuts will be in North America out of its 74,000 workforce. Brock was speaking as the world’s largest bottler of Coca-Cola_Co. products outlined a restructuring programme designed to boost its business in North America and Europe.
“The majority (of the job cuts) will be in North America. There will be some at our corporate headquarters here in Atlanta and some in Europe,” Brock said.The restructuring is expected to cost CCE about US$300m in restructuring charges over the next two years. CCE sells around 80% of The Coca-Cola Co.’s bottle and can volume in North America and is the sole licensed bottler for Coca-Cola’s products in France, the UK, Holland and the Benelux.

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US: Coca-Cola independent bottlers drop lawsuits against Coca-Cola and announce plans to jointly test new distribution programmes.

coke truck.JPGwal-mart.jpg.bmp

By Andrew Ward, Financial Times

Several bottling companies have settled a legal dispute with Coca-Cola over changes in the way its beverages are distributed to Wal-Mart and other US retailers. The deal, if endorsed by all US bottlers, would end a rupture within the Coke system that raised questions about its ability to respond to rapid change in the beverage market and retail sector. Nearly 60 independent bottling companies filed a lawsuit against Coke and Coca-Cola Enterprises, the largest US bottler, last year over plans to deliver PowerAde sports drinks to Wal-Mart warehouses rather than individual stores. Smaller bottlers viewed the change as a threat to the traditional direct-to-store delivery model that Coke has used for more than a century. The case followed a request from Wal-Mart for changes in the way PowerAde was supplied, demonstrating the growing leverage held by the world's largest retailer over even its largest suppliers.

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US: Coke Consolidated to trim workforce by 50-100 jobs

Source: just-drinks.com

Some 50 to 100 jobs will be cut at Coca-Cola_Bottling Co. Consolidated as the company looks to drive efficiencies across the business, the US bottler said today. Coke Consolidated, based in Charlotte, North Carolina, plans to trim its 6,000-strong workforce and streamline its management structure. The company said the changes would cost it US$2.5-3.5m.

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SOUTH KOREA: CCA may yet call it quits

Article sent by Tim Ferrari

Speculation mounts that Coca-Cola Amatil is on the verge of announcing its exit from South Korea after more than eight years of disappointing returns. At the very least, brokers say the South Korea problem will come to an end one way or another. Last year CCA was adamant it had no plans to sell its beverage business in the region, at least until it had completed a review early this year. But now it is expected that the company might detail its plans for the division at its fiscal 2006 result next week. South Korea has been a drag on earnings since it was acquired from the The Coca-Cola Company for $1 billion in 1998.

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Coca-Cola Amatil: Indonesian operations headed for major restructuring?

The future of Coca-Cola Amatil's (CCA) operations in Asia has been the subject of much discussion and speculation for the past 3 years. In the latest business news reports, it appears thart CCA is less likely to sell its Korean operations but there's a strong indication that the company's Indonesian operations, employing up to 10,000 workers, will face a major restructuring.

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Kerala to impose total ban on Pepsi, Coke soft drinks

Kerala to impose total ban on Pepsi, Coke soft drinks
THE HINDU Thursday, Aug 10, 2006

THIRUVANANTHAPURAM: The Kerala Cabinet on Wednesday decided to ban production and sale of Pepsi and Coca-Cola in the State.

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US: CCE appoints former InBev boss Brock as CEO

Coca-Cola Enterprises, the world's largest soft drink bottler, has appointed John Brock, former CEO of InBev, as its new chief executive. Mr Brock will replace John Alm, who resigned in December. Brock stepped down from InBev in January after three years as chief executive. Last March he pocketed his share of the 31 million Euro (almost 37 million US dollars) the company paid to him and two other departing top executives while axing 360 jobs from its operations in Belgium and France at the same time and refusing the alternative plans proposed by the unions.
Brock joined InBev (Interbrew at the time) after executive roles at both Cadbury Schweppes and Dr Pepper/Seven Up Bottling Group.

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