Coca-Cola Enterprises has announced that it plans to pay US$207m to help sustain its pension fund in 2009.

Coca-Cola Enterprises announced its investment in its annual report, released on Friday (13 February).

The soft drinks bottler said that the fund had been affected by the global financial crisis.

“As a result of significant declines in the funded status of our pension plans during 2008, it is probable that our future pension plan costs and contributions will be significantly greater than our 2008 amounts,” said the group.

It paid a total of $154m into its pension plan in 2008.

In December, the US federal government implemented the Worker, Retiree, and Employer Recovery Act, which was introduced to help pension fund that have suffered as a result of the financial market problems.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Last week, one-off charges led CCE to report a net loss of US$4.4bn for 2008, despite a 4% increase in net revenue for the year.

Subscribe to Just Drinks for just £1 for 1 month

Stay ahead with unbiased news, expert commentary, and in-depth features on global topics.

As a trusted provider of data and insights, Just Drinks collaborates closely with industry leaders and professionals to offer unique thought leadership and analysis. Gain a deeper understanding of the drinks industry’s trajectory and the priorities shaping the profession.

What’s included in your subscription:
  • Personalized Access: Secure login to Just Drinks
  • Industry News & Expert Commentary: Timely updates and exclusive C-level interviews.
  • Case Studies & Deep Dives: Real-world applications and in-depth analyses.
  • Exclusive Subscriber Newsletter: Weekly top features, plus a new thematic report and webinar.

Ready to stay informed?

Subscribe to unlock exclusive content.

Already a subscriber? Sign in to access your account.

Pleasecomplete this form to request more information, and a representative will be in touch shortly.