Coca-Cola was recently forced to close its Drogheda factory – at a cost of 250 jobs –and now its Athy premises may face a similar fate. The multinational giant might have to let its 83 Kildare workers go if they ask for a pay increase, it told the Labour Court yesterday.
Chris Blendicut, Coke’s Development and Innovation manager in Europe, explained to the Labour Court that the company’s profits for the second quarter of this year had fallen from $1.2bn to $864m. If the 83 workers in Athy start tooking for a wage increase – and sources close to them say they could be seeking as much as a 40c increase per hour – it could be the straw the breaks the camel’s back, he said.
Coca-Cola, no less than other multinationals, is suffering the effects of the world downturn. Growth in new markets such as China, Russia, Turkey, India, Latin America and the Middle East is the only thing keeping the world's largest drinks maker afloat.
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