Drinks
giant Coca-Cola is set to cut up to 1,800 jobs worldwide as it continues
cost-cutting efforts. Coca-Cola
reported a 14% fall in earnings for the July to September quarter last year and
sluggish revenue growth. The job
cuts will affect the firm's Atlanta headquarters, as well as its international
operations. Continue...
The
firm said it had already started to inform those workers who will be affected by
the cuts.
"[We
have begun] the process of informing associates in the United States and in
some international locations about the impacts to their departments," a
spokesperson from Coca-Cola said in an emailed statement to the BBC.
The
firm said further cuts would be made by different departments at various times.
"We
have identified 1,600 to 1,800 positions in Corporate, Coca-Cola North America
and Coca-Cola International that will be eliminated in the coming months,"
the spokesperson said.
Coca-Cola
has a global workforce of about 130,000
In October last year,
Coca-Cola's chief executive officer Muhtar Kent said the firm was aiming to
save some $3bn (£1.98bn) in annual costs by 2019, which would include job cuts.
At the time, Mr Kent said he recognised the need for the company
"to increase the scope and pace of change" as it continued to face a challenging economic environment.
He said
the firm was focused on "streamlining and simplifying" its operations
and that it was proceeding with plans "for refranchising the majority of
company-owned North American bottling territories by the end of 2017".
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