Coca-Cola Amatil NZ to repay millions from Covid-19 wage subsidy

Coca-Cola (file image). Photo: Getty Images
Coca-Cola (file image). Photo: Getty Images
The New Zealand arm of Coca-Cola Amatil will repay the $7.2 million it received through the Covid-19 wage subsidy scheme.

Coca-Cola Amatil, which is listed on the Australian stock exchange, confirmed while its New Zealand business did suffer the required 30 per cent revenue drop during the first lockdown, it was now in a position to repay the funds.

All Coca-Cola Amatil NZ employees kept their jobs and were paid their full wages.

The company group expects to make a full year net profit of $340m.










Local trusted journalism matters - now more than ever

As the Covid-19 pandemic brings the world into uncharted waters, Star Media journalists and photographers continue to report local stories that matter everyday - yours.

For more than 152 years our journalists have provided Cantabrians with local news that can be trusted. It’s more important now than ever to keep Cantabrians connected.

As our advertising has fallen during the pandemic, support from you our reader is crucial.

You can help us continue to provide local news you can trust simply by becoming a supporter.

Become a Supporter