Court rules Coca-Cola Beverages Africa breached its merger conditions

📆 23/06/2022 04:24:00
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Case revolves around the retrenchment of 368 employees three years after bottling plants were combined

The highest competition court has found that Coca-Cola Beverages Africa breached merger conditions by retrenching 368 employees three years after it combined four bottling plants.

When companies buy other companies, they are subject to conditions imposed by competition authorities, which often include a ban on job cuts. Breaching merger conditions could result in a forced unbundling of the merger or an administrative fine...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

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Coca-Cola retrenchments breached merger conditions, watchdog rules | Fin24The Competition Appeal Court has ruled that there was a breach of merger conditions when Coca-Cola Beverages SA retrenched 368 bargaining unit employees in 2019. | Fin24
Fonte: News24 - 🏆 4. / 80 Consulte Mais informação »