Brussels, 13 August 2015 – Following Coca-Cola Enterprises (CCE), Coca-Cola Iberian Partners SA (CCIP) and Coca-Cola Erfrischungsgetränke AG (CCEAG)’s agreement to merge into Coca-Cola European Partners Plc, EFFAT expresses worries over the mega merger’s potential impact on jobs.
Expected to close in 2016 and based on revenues from over 50 bottling plants, the merger will lead to the creation of the world’s largest independent Coca-Cola bottler, serving a consumer population of over 300 million in 13 countries across Western Europe, including Andorra, Belgium, France, Germany, Great Britain, Iceland, Luxembourg, Monaco, Norway, Portugal, Spain, Sweden and the Netherlands.
At a time in which Coca-Cola consumption is at an all-time low in Europe, EFFAT fears that the merger will severely affect the 25,000 workers in the three bottler companies. Last week’s final merger agreement confirms the trend of the last ten years, with Coca-Cola progressively consolidating its European operations.
EFFAT General Secretary Harald Wiedenhofer commented on the merger saying that “in recent years Coca-Cola employees in Europe have paid a very high price at each step of the consolidation of European operations. The restructuring process that recently took place in Spain is just one of the latest examples. We fear that this mega merger will result in another attack on jobs and overall damaging implications for European workers”.
EFFAT is stronly committed to ensuring that the decisions taken by top management will not be detrimental to European employees and will be holding a coordination meeting in September in order to reach a shared approach to tackle future challenges.
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