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09-01-2015, 10:05 AM
The slimming exercise has started...
Coca-Cola cuts up to 1,800 jobs to pare cost as sales slump
ATLANTA (Jan 9): Coca-Cola will cut as many as 1,800 jobs, or about one percent of its global workforce, as the world’s largest beverage company reduces costs amid a sales slump.
The first employees to be fired were notified yesterday and more jobs will be eliminated in the coming months, the company said in an e-mailed statement.
The cuts will stretch across Coke’s corporate headquarters and North American operations, both based in Atlanta, as well as its international units.
“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.”
...
http://www.theedgemarkets.com/sg/article...ales-slump
Coca-Cola cuts up to 1,800 jobs to pare cost as sales slump
ATLANTA (Jan 9): Coca-Cola will cut as many as 1,800 jobs, or about one percent of its global workforce, as the world’s largest beverage company reduces costs amid a sales slump.
The first employees to be fired were notified yesterday and more jobs will be eliminated in the coming months, the company said in an e-mailed statement.
The cuts will stretch across Coke’s corporate headquarters and North American operations, both based in Atlanta, as well as its international units.
“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.”
...
http://www.theedgemarkets.com/sg/article...ales-slump
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