Published Date : Oct 05, 2015
Coca Cola Singapore Beverages will be shutting down all manufacturing operations at its Tuas bottling plant and the full closure of the unit is estimated to be slated for coming February. The firm, however, has stated that it will be investing more than US$ 100 million in Singapore over the duration of the next five years.
Chief executive officer of Coca Cola Bottlers Malaysia and Coca Cola Singapore Beverages Stephen Lusk said that in order to position itself in a much better way to ensure future growth, Coca Cola is tweaking its strategy in Singapore. The focus is now shifted to high value added services such as innovation, new technologies, and research.
An estimated 200 workers will be impacted when the bottling plant in Tuas, Singapore is shut down. After this, Coca Cola will be shifting its operations of the bottling plant to Malaysia.
The Food, Drinks and Allied Workers Union, the Employment and Employability Institute, and Coca Cola Singapore Beverages will all be working together along with the affected employees, who will be given supportive services as well as competitive severance packages to help then transition into newer positions.
Coca Cola Singapore Beverages will go on to employ around 450 workers and at the same time retain its present sizeable workforce and product portfolio as well as its functions of sales and marketing, distribution, warehousing, procurement, finance, human resources, administration, IT, and legal. In a statement issued on Monday, the company said that Coca Cola will also be employing around 300 workers across the various Singapore operations.
Executive director of the Singapore Economic Development Board’s consumer businesses Kevin Lai said that Singapore is one of the leading locations in Asia in terms of consumer business companies and the company is certain that Singapore will continue to serve as a key business location for operations of Coca Cola.