Coca-Cola Bottling Philippines to Reorganise Manufacturing Operations
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Coca-Cola Bottlers Philippines, Inc. (CCBPI) and its subsidiaries Cosmos Bottling Corporation (CBC) and Philippine Beverage Partners Inc. (PhilBev) have announced reorganization plans.
The reorganization will create an additional 1,000 new jobs across the Philippines. CCBPI will directly employ as much as 7,367 people in the Philippines.
CCBPI Public Affairs and Communications Director JB Baylon said: "As a business organization, we want to further drive both our market and financial growth by refocusing our organization towards market development and customer service".
Under the plan, Cosmos Bottling Corporation will transfer the manufacturing requirements of its plants located at Cauayan, Isabela; San Jacinto, Pangasinan; San Fernando, Pampanga; Iloilo, and Cebu to specified plants of Coca-Cola Bottlers Philippines, Inc.
It is expected that about 1,500 Cosmos workers will be made redundant with the closure of the 5 facilities.
However, "many existing CBC and PhilBev sales employees will be redeployed to other specified CCBPI installations. Those, who cannot be redeployed, will receive a good and fair separation package," CCBPI said in a statement.
The Coca-Cola Company fully acquired CCBPI in February. Coca-Cola bought San Miguel's 65% stake in the bottling firm for USD 590 million. FLEXNEWS initially reported the acquisition in November 2006.
San Miguel and Coca-Cola jointly acquired CCBPI in July 2001 from Coca-Cola Amatil Ltd. of Australia.