US: The Coca-Cola Co to shed jobs in shake-up - report
By Andy Morton | 22 March 2013
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Coca-Cola is ditching 750 jobs |
The Coca-Cola Co is to axe 750 jobs across its US operations, according to reports.
News agencies said yesterday (21 March) the cuts - equal to 1% of the company's US workforce - are part of restructuring plans in the wake of the 2010 purchase of its North American bottling operations. They were announced in a company memo sent out last month and seen by Reuters.
“We must become a more aligned and unified North American group,” the memo reportedly said. “That means improving our structures, processes and systems.”
Coca-Cola was not immediately available for comment.
In July, Coca-Cola said it was streamlining its operations by cutting down from five business groups to three. As of January, the group consists of Coca-Cola International - Europe, Pacific and Eurasia & Africa operations; Coca-Cola Americas, comprising its North America and Latin America operations; and Bottling Investments Group (BIG), which oversees its bottling operations outside of North America.
Sectors: HR – personnel, Soft drinks
Companies: Coca-Cola Co
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US: The Coca-Cola Co to shed jobs in shake-up - report
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