Setting the Record Straight: Coca-Cola’s Real Wage Increases After Health and Welfare Deductions

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The attached charts include all proposed wages and health care increases included in Coca-Cola Refreshments’ economic package presented to Teamsters Local 727 on Monday, December 14.

Over the life of Coca-Cola’s proposed contract, employees with family coverage would have their wage increase reduced by 70 percent for a real average wage increase of only 0.8 percent per year.

Workers with single and employee-plus-one coverage would see their wage increases dramatically slashed as well.

“The numbers don’t lie, but Coca-Cola does,” said John Coli Jr., President of Local 727. “In letters sent to workers’ homes, Coca-Cola says its health care proposals don’t offset wages. But look at the charts. These are their proposals, their own numbers. Coca-Cola wants to recklessly keep wages low and jack up health care costs, especially for families. These workers need affordable health care coverage the most. They don’t deserve to be lied to and take advantage of by one of the most profitable corporations on the planet.”

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Category: BEVERAGE, Union News