Central Bottling Company’s board approved the lay-offs as part of the company’s streamlining plan to improve its operating profit.
Central Bottling Company (Coca-Cola Israel) has fired 50 of its 2,700 employees, mostly production workers at the Bnei-Brak plant. Other laid-off employees were in distribution, marketing and at warehouses. Central Bottling Company’s board approved the lay-offs as part of the company’s streamlining plan to improve its operating profit.
Histadrut Ramat Gan region chairman Avi Galili, who signed the agreement for the lay-offs, said that only 12 of the employees were included in the collective labor agreement between the company and the Histadrut (General Federation of Labor in Israel). He said the other employees were hired under personal contracts, or were seasonal workers.
The lay-offs were unrelated to Coca-Cola Company’s (NYSE:KO) decision to lay off 3,500 employees at its bottling plant in North America.
Published by Globes [online], Israel business news - www.globes.co.il - on February 15, 2007
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