Coca-Cola is ditching 750 jobs

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.