Business

Coke bottler proposes shake-up to price a web 167 UK jobs

LONDON (Reuters) – Drinks bottler Coca-Cola European Partners CCE.N is proposing to shut a UK manufacturing facility and distribution centre, ensuing within the loss of 288 jobs.

At the identical time, the vendor of Coca-Cola (KO.N) drinks plans to switch manufacturing and warehousing to different websites in Britain, creating 121 jobs.

The web outcome could be the loss of 167 jobs.

“We believe the proposed changes are necessary as they would provide significant productivity improvements and create greater efficiency across our manufacturing and distribution operations in Great Britain,” a spokesman mentioned.

The closures, of a manufacturing facility in Milton Keynes and a distribution centre in Northampton, are deliberate for 2019.

They are the results of a strategic overview of the company’s manufacturing community aimed toward boosting effectivity, in response to a spokesman.

Soft drink gross sales have been sluggish for years as health-conscious shoppers reduce. Britain’s sugar tax, which comes into impact in April, is anticipated so as to add additional stress.

As UK companies grapple with the anticipated implications of Brexit, a number of firms have introduced job cuts, together with Britvic (BVIC.L) and Unilever (ULVR.L) (UNc.AS), that are exiting a joint website in Norwich.

Reporting by Martinne Geller; Editing by Jason Neely and Mark Potter

Our Standards:The Thomson Reuters Trust Principles.

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