Coca-Cola HBC, a Swiss bottler, has closed its operations in Ukraine and sent its employees home. "We have implemented our contingency plans, which include ceasing production in Ukraine, closing our plant, and instructing colleagues in the country to stay at home and follow local guidance," a Coca-Cola HBC spokesperson told Bloomberg. "We will keep this under review in the coming months."
Carlsberg, the Danish beermaker with 1,300 employees in Ukraine, has shut down two of its three Ukrainian breweries and sent employees home. According to Reuters, Mondelez International, the Chicago-based manufacturer of Chips Ahoy and other snacks, is preparing to take action with more than 4,300 employees across Eastern Europe. According to Reuters, he stated that if the situation becomes too dangerous, Mondelez will close plants in both countries.
Nestle, the world's largest food corporation, employs 5,000 people in Ukraine. It is closing three factories in the area for the time being.
According to a company spokesperson, Philip Morris International Inc., which sells the Marlboro brand outside of the United States, is "closely monitoring the situation." Russia and Ukraine will account for approximately 8% of total net revenues in 2021.
Restaurant Brands International Inc., which owns the Burger King brand, said in a filing on Wednesday that the conflict could harm economic conditions and dining out demand, and that sanctions could "adversely affect us and our franchisee's restaurants in Russia and Eastern Europe."
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