Restructuring costs see Irish Coca-Cola profits fall 78%

RESTRUCTURING costs last year totalling €11.6m contributed to pre-tax profits at the main Irish bottling arm of Coca-Cola decreasing by 78% to €953,000.

Last year, Coca-Cola HBC Ireland Ltd (CCHBCIL) Ltd made 130 workers redundant following it decision to outsource the jobs in four distribution centres across the country.

The company agreed the revised redundancy deal in October of last year following a nine-week dispute and the returns show that CCHBCIL paid a dividend of €20 million to its parent the following month.