Coca-Cola to close Russian plants

Coca-Cola plans to shut down two fruit-juice companies in Russia, affecting 1000 employees.

Coca-Cola bottles

Coca-Cola plans to shut down two fruit-juice companies in Russia, affecting 100 employees. (AAP)

US beverage giant Coca-Cola will close two fruit-juice factories in Russia in the coming months because of falling demand, a company spokesman has told AFP.

The plants belong to its Russian subsidiary Nidan, which The Coca-Cola Company, the world's largest soft-drink maker, acquired in 2010.

One plant is located in Moscow and the other in Novosibirsk, Siberia.

The closures will impact about 1000 employees.

The Atlanta, Georgia-based company said it was transferring the Moya Semy juice brand from those plants to its other Russian juice maker, Multon.

"As the Russian juice market has undergone significant changes over the past few years, we have had to consolidate and better integrate our Nidan operations," the spokesman said in an email.

Some employees laid off will be able to apply for jobs with Multon and Coca-Cola Hellenic, he said.


Share

1 min read

Published

Updated

Source: AAP


Share this with family and friends


Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Download our apps
SBS News
SBS Audio
SBS On Demand

Listen to our podcasts
An overview of the day's top stories from SBS News
Interviews and feature reports from SBS News
Your daily ten minute finance and business news wrap with SBS Finance Editor Ricardo Gonçalves.
A daily five minute news wrap for English learners and people with disability
Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS
SBS World News

SBS World News

Take a global view with Australia's most comprehensive world news service
Watch the latest news videos from Australia and across the world