The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Food And Beverage Manufacture Of Beverages 11.07 - Manufacture of soft drinks; production of mineral waters and other bottled waters
178 - 223 jobs Number of planned job losses
Announcement Date
4 October 2017
Employment effect (start)
4 October 2017
Foreseen end date
1 September 2018
Description
As announced on 4 October 2017, the US-based beverage company Coca Cola will close its site in Weimar by March 2018 which will affect 178 of a total of 223 employees. All administrative activities and production will be shut down, whereas parts of human resource and finance department will be offshored to the Business Centre of Coca Cola European Partners in Sofia, Bulgaria. Logistics will be outsourced to an external partner as of September 2018. Exact numbers have yet to be announced.
According to Coca Cola, the site in Weimar is not profitable due to overcapacities which are the result of declining sales of the 1.5 litre recyclable PET bottle.
Coca Cola will soon start negotiations with the works council and trade union (NGG) regarding a social plan.
Sources
4 October 2017: MDR Online
4 October 2017: Thüringer Allgemeine Online
6 October 2017: SeeNews Online
Citation
Eurofound (2017), Coca Cola, Closure in Germany, factsheet number 92307, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/92307.
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