To restructure its business across the world, Coca-Cola is shutting its biggest analytics, technical and innovation center in India which is located in Pune. The company wants to become a leaner organization and is closing down the Eurasia analytical services facility, which was set up with an investment of ₹18 crore in 2010.
Coca-Cola while addressing to its senior employees said, “Over the past few months, you have been witnessing our organisation’s strategy getting repurposed and restructuring businesses across the world. In light of the same, the company has decided to consolidate lab facilities across the world and as a result, we plan to cease operations at the Pirangut, Pune lab location by December 2017”.
Coca-Cola is designing a new operating model.The company will soon fulfill the majority of its analytical needs by using labs at its bottling operations and by leveraging third-party accredited analytical labs in India.
The company will provide compensation for all the impacted resources as per its policy and in adherence to local laws. In the meantime, the Pune-based center was created as a ‘world class facility’ to offer analytical and technical support, and provide capabilities to enhance quality and food safety standards, drive innovation and enable Coca-Cola’s long-term strategic growth objectives as defined in the 2020 Vision, the company had said at the time of its debut.