Coca-Cola Bottling Plant to Cease Production in Israel
A Coca-Cola bottling plant in Israel, owned by the Central Bottling Company (CBC), will be closing its production operations. The decision comes amid a period of a low dollar exchange rate, which has made production in Israel less competitive. This move will result in layoffs for the plant's employees.
The Central Bottling Company, which holds the franchise for Coca-Cola in Israel, has stated that the closure is due to economic reasons, specifically the strong shekel relative to the dollar. The company indicated that it would explore options for redeploying affected workers within its other facilities. The exact number of employees to be laid off was not specified, but the closure impacts the production activities at the site.
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