
13 Jan 2015 Coca-Cola to cut up to 1,800 jobs to pare costs amid sales slump
The soft drinks maker, which employs about 130,000 people, said the cuts will go across Coca-Cola’s corporate, North America and international divisions and will start in “the coming months”.
Other parts of the business will announce “changes at various times”, Coca-Cola added.
The company announced the cost cuttings in October, saying they will further streamline the business. The company is re-organising its operating model to allow a greater focus on local markets.
Coca-Cola has suffered headwinds in the European and North American CSD markets and in nine-month results saw volumes in Europe slipped 5% and in North America by 1%, as the company struggles with sluggish international growth and mounting concerns over obesity and artificial sweeteners.