US: Coke to pay US$8.1m in salary compensation
Coca-Cola Co is to pay out some US$8m in compensation after it was found that the soft drinks giant had underpaid more than 2,000 current and former employees.
The discovery comes after an audit conducted by a federal agency, as well as an internal review by the company itself.
Coca-Cola will, under an agreement with the US Department of Labor's Office of Federal Contract Compliance Programs, pay US$4.2m to 980 current and former employees who hold or held mostly professional-level positions at the company's headquarters in Atlanta.
And Coca-Cola also said that an internal review had revealed similar mistakes in pay to 1,100 employees in other North American operations. They will receive a total of US$3.9m.
"We strive to cultivate a workplace that encourages our employees to develop and perform to their fullest potential," Coretha Rushing, Coca-Cola's senior vice president for human resources, said in an employee memo announcing the company's plans to make amends. "We've learned a great deal about our human resources practices, and we're acting on what we've learned."
Coca-Cola has now had to pay out spent just over US$200m to amend its employment practices. In late 2000 the soft drink giant had to hand over $192.5m after it lost a lawsuit that alleged disparities in pay and promotions for its African-American employees.
- Job cuts not the whole story at AB InBev - Comment
- The decline of the flagship beer brand - Comment
- Craft spirits shake-out will be just the beginning
- Concha y Toro's Q2 by region, brand - Focus
- A step forward in alcohol research? ISFAR 191
- Diageo revamps Gordon's gin bottle in UK
- AB InBev to cull 5,500 jobs after SABMiller buy
- Pernod deal rescues Corby's FY
- Craft Brew Alliance poised for AB InBev takeover?
- Beam Suntory's Bowmore 10 Year Old - NPD
- The Next Seven Big Beverage Markets
- Global rum insights - market forecasts, product innovation and consumer trends
- Global RTD insights - market forecasts, product innovation and consumer trends
- Carlsberg AS (CARL B) - Financial and Strategic SWOT Analysis Review
- Adultifying Soft Drinks; Capitalizing on rising adult demand for non-alcoholic beverages