Coca-Cola Amatil slashes wages with new employees to work for less : The national rate of inflation of 3 per cent a year means these workers' wages will effectively go backwards. But more unusually the agreement also enabled a two-tiered pay system that will see new hires receive about 38 per cent less than their encumbent colleagues doing the same jobs :Coca-Cola Amatil (CCA) reported net profi t after tax of $558.4 million and before signifi cant items, an increase of 5.0% on the 2011 full year result.

Driving wages down,it's the real thing

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