Coca-Cola Europacific Partners Cuts Jobs in Bulgaria Amid Restructuring

Coca-Cola Europacific Partners has announced job cuts in Bulgaria as part of a restructuring effort. The company, which operates under a similar model to its parent company Coca-Cola HBC, is transferring some operations to its office in Manila, Philippines. This move aims to better serve customers and grow the business.

The affected employees were given two options: train their replacements or relocate to another team with lower compensation. Ivan Georgiev, a collections specialist at Coca-Cola Europacific Partners Services Bulgaria, chose not to relocate due to the significantly lower offer. He described his job as 'a good one' and expressed disappointment over the decision.

The company's annual report shows revenue of over 125 million euros and net profit of more than 52 million euros in 2025. However, payroll costs account for around 50 million euros per year. Coca-Cola Europacific Partners has stated that it will continue to invest in its operations in Sofia through the creation of new jobs.

The company's decision to transfer some activities to the Philippines is attributed to geographical reasons and labor costs. The average monthly wage in the country is about 300 euros, which is lower than in Bulgaria. Despite the job cuts, Coca-Cola Europacific Partners has no intention of leaving Bulgaria.