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BRIEF-Anadolu Efes to suspend brewing operations in Istanbul as of May 22
April 20, 2017 / 6:52 AM / 5 months ago

BRIEF-Anadolu Efes to suspend brewing operations in Istanbul as of May 22

April 20 (Reuters) - Anadolu Efes:

* Decided to suspend its brewing operations located in Merter, Istanbul, which has 15 percent share in total capacity, as of May 22

* Says to transfer these operations to other facilities in Adana, Ankara and Izmir

* Says the total estimated employment termination benefits for all of employees in our Merter plant amounts to 14 million lira ($3.82 million)

* This decision was taken considering the environmental and logistic effects of company’s factory that remains in the city center after urbanization

* Says to consider the options about the land where the Istanbul factory is located Source text for Eikon:

Further company coverage: ($1 = 3.6646 liras) (Gdynia Newsroom)

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