US soda giant Coca-Cola plans to cut 1,600-1,800 jobs in a cost-saving move, a spokeswoman said on January 08. Coca-Cola, which has struggled to grow sales, said the cuts would come from its corporate headquarters, as well as from its North American and international divisions. The company began notifying employees on January 08.
"As part of our recently announced, multi-year productivity initiatives, we are redesigning our operating model to streamline and simplify our structure and accelerate the growth of our global business," the spokeswoman said in an email message.
Coca-Cola has struggled with weak sales in its home US market and beyond amid rising health concerns on the link between soda and obesity and other health ills. Global sales were down two percent at $35.1 billion for the first nine of months of 2014.
The company in March announced it was streamlining its global operations and expected $3 billion in annual savings by 2019. Coca-Cola had 130,600 employees globally at the end of 2013.
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