Coca-Cola retrenchments breached merger conditions, watchdog rules.
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The 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.
The ruling, which relates to two mergers involving Coca-Cola, could result in merger approval being revoked - or in an administrative penalty or an order of divestiture if the firm and the Competition Commission cannot agree on a plan to remedy the breach.
The ruling, which relates to two mergers involving Coca-Cola, could result in merger approval being revoked - or in an administrative penalty or an order of divestiture if the firm and the Competition Commission cannot agree on a plan to remedy the breach.
