a Cola business in Ireland has incurred pre-tax losses of €3.4 million. This came before Coca- Cola HBC Ireland Ltd announced in January that it would introduce a voluntary redundancy program, resulting in 75 job losses. The losses last year of €3.4 million follows profits of €18 million in 2011 — a major loss of €21.4million.
A note attached to the accounts states that the redundancy programme is also a means to boost the company's cost structure which set the firm back about €5.6 million.
The Coca Cola company suffered the losses after revenues decreased by €18.3 million from €186 million to €167.7 million in the 12 months to the end of December 2012.The firm did not pay a dividend last year after paying out a dividend of €19 million in 2011 and dividends of €12 million in 2010.
The figures show that the numbers employed last year was reduced from 419 to 382.
