Coca-Cola Amatil staff will have their wages frozen until 2015 and newly hired workers will receive less pay under a new deal with its Victorian warehouse workers.
The move is part of a wider strategy by the company to lower wages across its warehouses. In addition to the pay freeze, new hires will receive 38 per cent less to do the same job.
Australia’s manufacturing industry has some of the world’s highest wages, and CCA said the deal brought wages closer to market rates.
CCA reported a 15.6 per cent drop in net profit down to $182.3 million in August.
