Amatil’s new CEO has not ruled out job cuts and mentioned future product
innovation during an interview over the weekend.
Speaking to Financial Review Sunday, Alison Watkins – who has been in her role since February – said, “When you are in an
environment where volumes are not growing a huge amount and revenue can’t grow
because of the challenges around price, it is inevitable you have to look at
costs and I think everyone understands that.”
Watkins explained that, “Over time we
will have to maintain or reduce our workforce, we have to get into the detail
of that to understand.”
On the SPC Ardmona division, for which
co-investment funds from the federal government were sought and refused earlier in the year, Watkins
said the business had a “really strong future”.
commitment to innovation was questioned last month by the local distributor of German beverage company and competitor Bionade.
”It was a great product in the last 30 years
but they didn’t realise that consumers are looking for new alternatives,” Karsten
Knorr, director Drinks Beverage Logistics said.
“There’s no innovation in that company any
Watkins said yesterday that new products were
“There are more exciting, functional, niche beverages,”
“We have to look at those because they help us understand
what consumers are wanting and being in touch with changing tastes. Coconut
water would be an example.”
Image: News Corp