VENEZUELA: Coke, Pepsi caught in political row
Venezuelan authorities are investigating affiliates of the drinks giants Coca-Cola and PepsiCo, it was reported today by Reuters, after claims that the companies, along with others, forced their workers to sign a petition against leftist President Hugh Chavez. Chavez has accused local private sector leaders of trying to depose him.
The investigation by the Chavez government comes as labour unions accuse it of intimidating public sector workers who signed up for a recall vote.
Labour Minister Maria Iglesias announced the investigation, which will also include the international groups Parmalat and Owens-Illinois, as well as local private companies and state governor offices controlled by the opposition.
She said: "No more ... can regional, local governments and private companies force their will over the will of the workers ... It is inexcusable."
However, the labour unions claim the investigation is just a means of moving attention away from their accusations that public workers have been threatened with dismissal by the government unless they change their pro-vote signatures during an appeals process.
In the battle of the giants, PepsiCo has stolen a march on Coca-Cola over the last year or so and its performance in the first half of the current fiscal year suggests it is still has the upper hand. ...
A recent report on the UK soft drinks market showed that growth in non-carbonates at the expense of traditional carbonated soft drinks is much less marked in the on-premise sector than in the take-hom...
A departing PepsiCo executive is to be handed a US$4.56m package spread over the next two years for his consultancy services....
The Pepsi Bottling Group has signed a letter of intent to acquire Pepsi-Cola Bottling Company of Charlotte (Pepsi Charlotte) for an undisclosed sum....
The Pepsi Bottling Group today reported second quarter net income of US$148m, or diluted earnings per share (EPS) of $0.59. The results were up on the same period last year as the company grew volumes...
Pepsi-Co. has been removed from a Syrian blacklist of companies which have dealings with Israel, according to a report in the official Syrian newspaper al-Thawra....
Pepsi has launched a new 50cl silver-coloured bottle for its Pepsi light soft drink as part of a major advertising campaign to roll out this summer in Spain....
PepsiCo's president and CFO, Indra Nooyi, has been forced to apologise for remarks she made whilst speaking to the 2005 graduating class of Columbia University's Business School in New York City last ...
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