Coca-cola shuts four plants in Spain, axing 1,250 jobs
Thursday, January 23, 2014 @ 4:25 PM
COCA-COLA Iberian Partners is set to close four of its 11 factories in Spain and make 750 people redundant.
Another 500 staff members will be relocated..
According to the global soft drinks giant, the plant at Fuenlabrada (Madrid), where the Spanish head office is based, together with those in Palma de Mallorca, Alicante and Colloto (near Oviedo in Asturias) will be shut and redundancy consultations will be ongoing until Friday, February 21.
Coca-cola has around 4,200 employees in Spain, and wants to axe the factories where 1,250 of them work to 'cut down on inefficiency and duplication of work' and to 'consolidate criteria' in its activities and procedures.
The firm expects to be able to offer voluntary redundancies where this would suit certain workers, and early retirement packages, to reduce the number of people who will be forced into the dole queue.
A total of 500 places will be offered in other factories around Spain, depending upon the extent to which existing staff members are able to relocate.
Read more at thinkSPAIN.com