Coca-Cola Loses Its Fizz With Plan To Axe Hundreds Of Jobs In Germany

Coca-Cola is set to shut down five production and logistics sites in Germany in an attempt to cut costs and adapt to changing logistics trends, Indrabati Lahiri reported for Euronews.

CCEP operates 14 production facilities in Germany and 27 locations in total, with approximately 6,500 employees.

The drinks giant is expected to cut around 500 jobs in Germany over the next year with the closure of these five logistics and production sites.

Coca-Cola Europacific Partners (CCEP), which handles Coca-Cola's bottling, distribution, and sales activities in Germany, revealed that the plants in question are located in Neumünster, Bielefeld, Berlin-Hohenschönhausen, Memmingen, and Cologne.

At present, CCEP operates 14 production facilities in Germany and 27 locations in total, with approximately 6,500 employees.

CCEP stated that this decision comes as the company aims to become more cost-effective in the face of increasing market competition and adapt to evolving logistics in the beverage sector.

The company is also working to use its German logistics and production capacity more efficiently, as it currently has too many plants in Western Germany.

In addition to the plant closures, around 505 jobs are expected to be cut, with approximately 207 being relocated to other facilities. Meanwhile, 78 new jobs are expected to be created.