Coca-Cola Company today announced that it plans to cut 2,800 jobs worldwide. The job cuts exceed initial figures issued earlier this year by 50%.

Around 1,600 workers had been laid off by the end of September after Coke said it planned to eliminate 1,900 jobs. That included 1,000 in the US and 900 in Germany. Most of the additional cuts will be at bottling plants in Asia. The company hopes to make pre-tax savings of US$50m this year and US$100m at the beginning of next year, in spite of initial costs of about US$500m. The costs include involuntary terminations, employee relocation and asset write-offs.

"During the third quarter of 2003, management further reviewed all worldwide operations to improve our overall efficiency and effectiveness," the company said on Monday.

In the US, Coca-Cola has spent the year integrating the operations of three separate business units, Coca-Cola North America, Minute Maid and Fountain, into one.