IRELAND: Coca-Cola Co. to close Irish facility
The Coca-Cola Co. has confirmed that it is to close one of its facilities in Ireland.
The company announced on Wednesday (29 August) that its concentrate manufacturing and distribution plant in Drogheda will cease operations in September next year, with the loss of 256 jobs. Coca-Cola's other facilities in the country, in Ballina and Athy, are "sufficient to meet the current and future demand for concentrate and beverage base supply from Ireland", the company said.
A total of 90 new positions will be available at Coca-Cola's two other Irish plants, with Drogheda's affected employees given the opportunity to move to Athy or Ballina. At the same time, 112 "Shared Services" employees will remain in Drogheda, to "provide services to the Coca-Cola business system worldwide", the company said.
"Over the last 30 years, the employees in the Drogheda plant have made a very valuable contribution to the Coca-Cola business," said Hugo Reidy, general manager of the Drogheda plant. "The company will be offering a generous redundancy and early retirement package together with financial advice, job search, re-training and business start-up assistance for the employees affected. We are going into a period of consultation with the employee representatives on the redundancies which we are proposing to make.
"With a significant presence remaining in Drogheda, the company will continue to play an active role in the local community."
Reidy also said that Coca-Cola remains committed to Ireland as a business location. "The country continues to play an important strategic role in supporting the growth of The Coca-Cola Company," he concluded.
The Coca-Cola Co. paid around US$1.7m last year on Government lobbying in the US, according to recent records....
The president and COO of the Coca-Cola Co. has been nominated by the soft drinks group's board of directors to stand for election as a director of the company at the Annual Meeting of Shareowners in A...
The Coca-Cola company has secured an extension of its beverage contract with US restaurant chain Wingstop....
The Coca-Cola Company has announced the company's 46th consecutive annual dividend increase, it has said, raising the quarterly dividend 12% from 34 cents to 38 cents per common share....
The Coca-Cola Co. has declared a long term goal to recycle or reuse all of the aluminium beverage cans that it sells in the US....
The Coca-Cola Co. has reported a healthy set of results for 2007, with both sales and profits heading north....
Coca-Cola Enterprises has bounced back from 2006's net loss to post profit for last year....
The Coca-Cola Co. has entered into discussions with Beverage Creations with a view to agreeing a distribution and marketing deal for the company's Bio2tonic health drink brand in the US....
- SABMiller & Meantime: Notes for the New Owner
- Comment - How to Target Cognac's Mok Generation?
- Focus - The Prosecco shortage that isn't
- Analysis - The Value of Prosecco
- Analysis - Keurig Kold fails to impress
- Whyte & Mackay takes on Flor de Caña in UK
- Diageo takes Baileys, Gordon's marketing in-house
- Carlsberg cuts 180 staff
- Suntory to buy Japan Tobacco beverage unit
- Mixto Tequila poised for "golden age"
- Global Tequila insights - market forecasts, product innovation and consumer trends research
- Africa: The Final Frontier for Beer
- Global rum insights - market forecasts, product innovation and consumer trends research
- Global Scotch whisky insights - market forecasts, product innovation and consumer trends research
- Diageo plc (DGE) - Financial and Strategic SWOT Analysis Review