Coca-Cola PH to lay off workers after TRAIN Law Implementation

To adjust to “the recent developments within the beverage industry and the business landscape as a whole,” the Coca-Cola FEMSA Philippines Inc. will lay off workers as it undergoes an organizational structure assessment.

Coca Cola said in a statement on Tuesday, that the restructuring "has been very difficult" for them, and was only carried out after careful assessment of the evolving regulatory environment, operational efficiency, and consequent performance in the market.

But they would still help employees affected by the restructuring, they added.

“Rest assured, we will treat the people who will be affected with dignity, fairness, and respect throughout this process,” the multinational company said.

The announcement came subsequent to the implementation of the Tax Reform for Acceleration and Inclusion (TRAIN) Act on January 1.

The TRAIN Law impose a P12 and P6 per liter in form of excise tax on beverages using high fructose corn and non-caloric sweeteners, respectively.