Coca-Cola to cut 750 jobs in U.S.
- Photos (1)
Coca-Cola says it's cutting 750 jobs in the U.S. as it continues to streamline its business.
NEW YORK ó Coca-Cola says it's cutting 750 jobs in the U.S. as it continues to streamline its business.
The world's biggest beverage maker says the jobs cuts will be across the board and that affected individuals will be notified in coming weeks. The cuts represent roughly 1 percent of the company's workforce of 75,000 in North America.
A spokesman says about a quarter of the cuts will be in Atlanta, where the company is based.
In a memo to employees last month, The Coca-Cola Co. noted that it had identified "areas that must be improved" since buying the North American operations of its largest bottler in 2010. The memo also noted it was realigning its U.S. business into three geographies, down from seven, to reflect the successful structure in its food-service business.
Coca-Cola has noted that it managed to deliver profit growth in a year "marked by continued uncertainty in the global economy."
For 2012, the company reported a 5 percent increase in net income, with global sales volume up 4 percent. Its drinks include Sprite, Minute Maid, Powerade and Dasani bottled water.
Coke's stock price fell 1 cents to $39.86 in morning trading.
- Share Facebook Twitter
Article sent to (required)E-mail
Article sent from (required)E-mail Name
Subject Line (article title)
Message (optional)Success - Article sent Click to close
Interested in reusing this article?
Custom reprints are a powerful and strategic way to share your article with customers, employees and prospects.
The YGS Group provides digital and printed reprint services for Daily Herald. Complete the form to the right and a reprint consultant will contact you to discuss how you can reuse this article.Need more information about reprints? Visit our Reprints Section for more details.
Contact information ( * required )Name * Company Telephone * E-mail *
Article InformationTitle URL
Message (optional)Success - Reprint request sent Click to close