News Formal

Court rules Coca-Cola Beverages Africa breached its merger conditions

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 63%

South Africa News News

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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
Source: News24 - 🏆 4. / 80 Read more »