Coca-Cola Singapore Beverages to close Singapore bottling plant, invest US$100m
Coca-Cola Singapore Beverages will close its Tuas plant in February 2016
Coca-Cola Singapore Beverages (CCSB) is to wind down its manufacturing operations at its bottling plant in Tuas, with full closure planned for February.
CCSB said that 200 employees would be affected by the closure. In a statement, the company said it was working with the Employment and Employability Institute and the Food, Drinks & Allied Workers Union. Employees will be offered "comprehensive support services to help them transition into new positions and will receive competitive severance packages."
CCSB will continue to employ approximately 450 people while retaining its current product portfolio, sales and marketing, warehousing, distribution, procurement, human resources, finance/admin, legal and IT functions. Coca-Cola will also continue to employ approximately 300 people across its other operations in Singapore.
At the same time, the company is to invest US$100m in the market, on "high-value added services such as new technologies, innovation and research" over the next five years.
Kevin Lai, executive director of consumer businesses at the Singapore Economic Development Board said: “Singapore continues to be one of Asia’s leading locations for consumer business companies and we are confident that Singapore remains a strategic business location for Coca-Cola. This is demonstrated by their commitment to invest in high-value added activities here, such as expanding their state-of-the-art concentrate plant, which supplies beverage concentrate to key markets throughout Asia-Pacific."
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