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Coca-Cola plans to slash close to 2,000 jobs globally

DBR Staff Writer Published 24 December 2014

Global beverage major Coca-Cola is planning to reduce its workforce across the globe over the coming weeks.

coca-cola

The Wall Street Journal reported that the company plans to slash nearly 2,000 jobs.

The move is said to form a part of the company's $3bn cost-cutting program announced in October, following a 14% decline in third-quarter profit.

Over 10% of corporate employees at the company's headquarters in Atlanta and global regional offices may face the impacts of the job cuts, according to the publication.

However, employees at Coca-Cola's bottling and distribution divisions, which employ over 85% of the company's 130,000 employees, are not likely to see job cuts as of now.

The Reuters quoted Coca-Cola spokeswoman as saying that the company had earlier informed employees that the restructuring would impact jobs. However, the anticipated number of job cuts was not confirmed.

A few of the employees will be allowed to apply for other divisions in the company.


Image: Over 10% of corporate employees at the company's headquarters in Atlanta may get effected by the job cuts. Photo: courtesy of Autiger.