25 April 2008 - Coca-Cola Enterprises Inc. said workers at two of its production facilities in France went on strike on April 17 over the negotiation of labor agreements.
The two facilities supply about 40% of the Coca-Cola bottler's total annual sales volume in Europe, the Atlanta-based company said in its quarterly report filed Friday with the Securities and Exchange Commission.
The company said the strikes have created blockages at these facilities and production has ceased.
The company said it's executing contingency plans and are increasing production at other facilities, but it's unable to predict the ultimate outcome at this time.
The largest bottler of Coca-Cola Co. (KO) drinks Thursday reported a 47% drop in first-quarter net income, citing a soft economy in North America and higher commodities costs.
Shares of the company were trading Friday afternoon at $22.78, down 16 cents.