Coca-Cola bought Nidan in 2010

Coca-Cola bought Nidan in 2010

The Coca-Cola Co is to shut down two of its juice plants in Russia with the loss of 1,000 jobs.

The US-based soft drinks company said the move, announced today (8 May), will “optimise” its Nidan juice unit in the country amid “significant changes” in the market. The plants, in Moscow and Novosibirsk, will close over the next three months, Coca-Cola said. 

“We regret the changes we have to make as it relates to highly qualified employees of Nidan,” the company said in a statement. “The Nidan management is committed to ensure that people will be treated with full respect of Russia’s labour legislation.”

Some of the capacity from the two plants will be transferred to Coca-Cola's Multon unit, which is operated by Coca-Cola HBC, the statement said. "Some employees will have the opportunity to apply for roles with CCHBC and Multon," it added.

Coca-Cola bought Russian juice producer Nidan in September 2010 for an undisclosed sum.