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Keyword: sweeteneddrinks

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  • Coca-Cola: Philadelphia's tax on sweetened drinks is hurting

    04/29/2017 6:16:05 AM PDT · by Olog-hai · 16 replies
    Associated Press ^ | Apr 28, 2017 10:46 PM EDT
    Coca-Cola says Philadelphia’s new tax on sweetened drinks is seriously hurting their business in the city. According to a story on the beverage company’s website, the company’s volume in Philadelphia is down 32 percent from a year ago. Fran McGorry, president and general manager of the local bottler known as Philly Coke, says because of the lost sales, the company’s workforce has been reduced by about 40 positions. The company has more than 700 workers in the region. …