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5/13/2005

Coca-Cola Teamsters Unite for a Fight

Source: Teamsters

Bottler’s Plan to Attack Health Care Sparks Union Response

In an emergency meeting called this week in Las Vegas by the Teamsters Brewery & Soft Drink Workers’ Conference, locals representing more than 18,000 Coca-Cola workers across the United States and Canada pledged their commitment to protect health care for Teamster families.

Collective bargaining agreements covering roughly 5,000 Coca-Cola workers employed by the Coca-Cola Company [NYSE: KO] and its largest bottler, Coca-Cola Enterprises, (CCE) [NYSE: CCE] expire this year in California, Washington, Michigan, Connecticut and Illinois.

“Of all of the mistakes and miscalculations Coca-Cola and its bottler have made in the past decade, underestimating these workers’ commitment to health care could prove to be the most costly,” said Jack Cipriani, Eastern Region Vice President for the International Brotherhood of Teamsters and Director of the Brewery and Soft Drink Workers’ Conference.

CCE is the world's largest marketer, distributor, and producer of bottle and can liquid nonalcoholic refreshment. It sells approximately 80 percent of the Coca-Cola Company's bottle and can volume in North America. While CCE’s stock performance has been meager, its board of directors rewarded outgoing executives with millions of dollars in benefits including lifetime health coverage for its former CEO.

“Rather than lavishing millions on country club dues and other extravagant fringe benefits for outgoing executives, CCE should invest in the health and well-being of the workers who make Coca-Cola the number one selling soft drink in America,” said David Laughton, Secretary-Treasurer of the Teamsters’ Brewery & Soft Drink Workers’ Conference and former Coca-Cola driver. “This company has no shame. They will give lifetime health coverage for a departed CEO while gutting the medical plans for their workforce.”

The International Brotherhood of Teamsters represents 1.4 million hard working men and women throughout the U.S. and Canada.

1 Comments:

Blogger Doug said...

Coke also needs to stop killing union organizers in Central America.

10:57 PM  

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