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Coke-job-cuts

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.

“We are redesigning our operating model to streamline and simplify our structure and accelerate the growth of our global business,” Coca-Cola said. “We will continuously look for ways to streamline our business and drive growth as our business and our operating model evolve.”