Mar 2020
Coca-Cola’s India unit has temporarily suspended production at its manufacturing facilities across the country following widespread lockdowns to halt the spread of coronavirus.
The company it would operate its manufacturing facilities in a “very small number” to provide essential beverages. The announcement comes amid a widespread shutdown of manufacturing and production facilities by various global and domestic companies in the country.
The world’s largest beverage maker had last month warned of a 1 cent to 2 cent impact to its Q1 earnings per share due to impact of the coronavirus.
Coca-Cola rival PepsiCo Inc’s bottling partner in India, Varun Beverages Ltd, also announced closure of all its corporate office and plants.
Employees who work at a facility that must be closed will receive 100% of their pay for up to 12 weeks, and employees who are impacted by school and day-care closures will receive a minimum of two thirds of their pay for up to 12 weeks.