:. Food Industry News


Workers Halt All Coca Cola Output in Venezuela

Source: Reuters
11/06/2008

Caracas, June 10 - Former workers demanding back pay blocked the entrances to all plants owned by Coca-Cola's subsidiary in Venezuela and halted production of the soda, the company said on Tuesday.

Daily News Alerts

About 2,500 former workers began their protest on Saturday at four plants and 24 distribution centers belonging to the Venezuelan unit of Mexican-based Coca-Cola Femsa, the company said.

Company spokesman Ignacio Mayorca said this and similar actions in the long-running labor dispute has so far cost Coca Cola Femsa about $15 million this year.

"This brings consequences not only for production. It also affects the workers," Mayorca said.

The former workers have been battling with Coca-Cola Femsa for years, demanding roughly $520 million, or 1.5 times the value of the entire Venezuelan subsidiary.

They have occasionally called on the socialist government of President Hugo Chavez to nationalize the company.

Also known as KOF, the Mexican bottler is the second-largest Coke maker in the world. It employs abut 8,000 workers in Venezuela.



GO   View more articles on this subject


More Alerts from 11/06/2008


Email This Article To A Colleague     Print A Copy Of This Page
 
 
 
 
FLEXNEWS - Business News for the Food Industry

About Us | Contact Us | Terms & Conditions | Privacy Policy
 
Daily News Alerts
Related Items
Coke Zeroed Out in Venezuela
Venezuela Bans Coke Zero, Cites 'Danger to Health'
Venezuelan Government Offers Help to Solve Coca-Cola...
Picketers Block Coca-Cola Femsa Plants in Venezuela...
Coca-Cola Femsa Asks Venezuela Govt to Help in Labor...
Coke Sees International Markets Key to Long-Term Growth
Coca-Cola Aims to Double System Revenue by 2020
Venezuela Nationalizes Top Coffee Roaster
Coca-Cola Bottling Co. Consolidated Sees Income Growth...
Greek Coke Bottler CCH's Q3 Net Slips 3 pct

More in Food Industry News
Procter & Gamble Repurchasing Shares, Quiet on...
US Shoppers Going Green Despite Struggling Economy
Wessanen Sells Liberty Richter to World Finer Foods
Cheesecake Factory Sticks to 2010 Forecast
Brenntag Changes 2.5 Bln Euro Loan to Allow IPO
European Commission Refers Greece to ECJ over Unjustified...
JM Smucker's Quarterly Net Income Increases 172%
Ferrero, Hershey Would Likely Break up Cadbury
Indonesia's Astra Agro Revises Up CPO Forecast
Cocoa Supplier Olam to Benefit from Consolidation Among...

Top Headlines
Procter & Gamble Repurchasing Shares, Quiet on...
US Shoppers Going Green Despite Struggling Economy
Wessanen Sells Liberty Richter to World Finer Foods
Cheesecake Factory Sticks to 2010 Forecast
European Commission Refers Greece to ECJ over Unjustified...
JM Smucker's Quarterly Net Income Increases 172%
Cocoa Supplier Olam to Benefit from Consolidation Among...
Avebe and National Starch Food Innovation to Expand...
Auchan Backs Hypermarkets as Rivals Rethink
Ferrero Could Eye Cadbury Gum, Candy Unit
Dole Food Posts Wider Q3 Loss
Fonterra Sells Stake in UK Joint Venture to Arla
Imperial Sugar Company Closes Three-Way Joint Venture...
PepsiCo to Invest $100 Million in Egypt in 2010
Ex-Parmalat Auditors Settle US Investor Lawsuit
Tesco in Broadband Push as Reaches Beyond Groceries
India Sugar Protest Forces Parliament to Shut
Kerry Group Keeps Full Year Earnings Growth Forecast
Nestle Professional to Acquire Vitality Foodservice
Pinnacle Foods Acquires Birds Eye Foods for USD 1.3...
DSM Makes Great Strides in Production Processes for...
Russian Grocer X5 Plans Higher 2010 Capex
Brazil: Laep in Talks to Sell Dairy Plant to Nestle
SunOpta Announces Opening of Natural and Organic Sesame...
Products Comprising, and Uses of, Decarboxylated Phenolic...
Process for the Preparation of Packaged Heat-Preserved...


 


FLEXNEWS 2009 - All rights reserved
ISSN 1950-6228