Vembev

Agostini Ltd subsidiary sends home 33 workers

Vem­bev, the com­pa­ny that dis­trib­utes Pep­si and oth­er bev­er­ages Ocean Spray, has been closed down and 33 em­ploy­ees sent home.

The de­ci­sion to close the com­pa­ny and get rid of 40 per cent of staff was made al­though its par­ent com­pa­ny, Agos­ti­ni Lim­it­ed, earned in ex­cess of $120 mil­lion in prof­its for the first nine months of the fis­cal year.