Coca-Cola to Cut 900 More Jobs
ATLANTA - Coca-Cola Co. has announced plans to cut another 900 jobs, mostly at bottling plants in Asia, according to a published report.
The cuts are in addition to 1,900 jobs that the world's biggest soft drink company said it would make earlier this year, Coca-Cola spokesman Ben Deutsch told the Atlanta Journal-Constitution.
Earlier this year, Atlanta-based Coke said it planned to eliminate 1,000 jobs in North America and 900 in Germany. The combined cuts of 2,800 jobs represent about 5 percent of its worldwide work force.
As of Sept. 30, about 1,600 workers had already been laid off, according to the company, which says it expects to generate at least $50 million in pre-tax cost savings this year and at least $100 million beginning next year as a result of the additional cuts.
The cuts are in addition to 1,900 jobs that the world's biggest soft drink company said it would make earlier this year, Coca-Cola spokesman Ben Deutsch told the Atlanta Journal-Constitution.
Earlier this year, Atlanta-based Coke said it planned to eliminate 1,000 jobs in North America and 900 in Germany. The combined cuts of 2,800 jobs represent about 5 percent of its worldwide work force.
As of Sept. 30, about 1,600 workers had already been laid off, according to the company, which says it expects to generate at least $50 million in pre-tax cost savings this year and at least $100 million beginning next year as a result of the additional cuts.
