- Coca-Cola FEMSA Philippines Inc. said it will be reducing its employees
- The company declined to disclose how many workers would be laid off
Coca-Cola FEMSA Philippines Inc. said on Tuesday it will be cutting its workforce amid recent developments in the beverage industry and business landscape.
According to an article by GMA News, the company’s statement reads “Coca-Cola System is undergoing an organizational structure assessment, which involves a comprehensive review of the roles and responsibilities within Coca-Cola FEMSA.”
“This restructuring has been a very difficult decision,” it added.
The company said that the decision was carried out only after an exhaustive and conscientious assessment of the evolving regulatory environment, the company’s operational efficiency, and consequent performance in the market.
The company declined to disclose how many workers will be affected.
According to Coca-Cola FEMSA Philippines’ website, it has an employee base of around 8,000 in the Philippines.
“We are grateful for the valuable contributions of those who were affected and thank them for being part of the company,” the company said.
Coca-Cola FEMSA Philippines also assured that it will treat the people who will be affected with dignity, fairness, and respect throughout the process.
“Everyone will be given career transition support, as well as separation packages that go beyond what is mandated by law,” it said.