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Tuesday, September 04, 2007

 

Coca-Cola trims old, hires new, workforce

By Likha C. Cuevas-Miel Reporter

Coca-Cola Bottlers Philippines, Inc. will open new jobs in its sales operations and downsize in other areas in its effort to reorganize and further grow its business.

The softdrink company, together with its subsidiaries Cosmos Bottling Corp. and Philippine Beverage Partners, Inc., will be hiring 1,000 more people, some 2,000 of whom will be designated sales associates whose job responsibilities include expanding the company’s portfolio.

The current CBC and PhilBev sales employees, meanwhile, will be redeployed to other CCBPI installations. The firm said those who would not be reassigned would receive “good and fair separation package.”

“As a business organization, we want to further drive our market and financial growth by refocusing our organization towards market development and customer service,” JB Baylon, CCBPI public affairs and communications director, said.

The reorganization will bring CCBPI’s total number of employees to 7,367 people across the country.

The move to reorganize and hire new people followed a recent report filed by CCBPI’s parent company The Coca-Cola Co. (TCCC) with the New York Stock Exchange that it increased its unit case volume in the Philippines by 11 percent during the second quarter this year from last year’s 19-percent decline.

Six months ago TCCC bought from San Miguel Corp. the remaining 65-percent stake in CCBPI for $590 million, making it the sole owner of the local bottling company.

Under the terms of the sale, Southeast Asia’s largest food and beverage company is barred from putting up its own nonalcoholic drink business in the next five years to keep it from directly competing with TCCC.

The two companies signed an agreement on December 22 last year as San Miguel decided to exit CCBPI to have “longer term commercial flexibility.

  
 

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