Soft Drinks Giant Coca-Cola to Cut 2,200 Jobs GloballyDecember 18, 2020
Coca-Cola’s Restructuring Efforts
The beverage company Coca-Cola had about over eighty six thousand (86,200) employees at the end of last year and about ten thousand (10,400) of them were located in the United States.
And just this December, the soda giant is reportedly going to cut two thousand and two hundred (2,200) jobs globally as part of a restructuring plan. According to Reuters, the world’s largest multimedia news provider, it includes one thousand and two hundred (1,200) in the United States.
Coca-Cola Voluntary Separation Packages
As the sales of the world’s largest soda maker were taking hits from the ongoing health crisis brought about by the Coronavirus Disease 2019, it looked to streamline itself. Coca-Cola disclosed in August that it will offer four thousand (4,000) workers in the United States, Canada and Puerto Rico voluntary separation packages.
However, just recently, the company said that the number of employees who have accepted the package will not be disclosed. Moreover, the details about the timeline for the job cuts have also not been made public.
“The pandemic was not a cause for these changes, but it has been a catalyst for the company to move faster.”– Coca-Cola via Reuters
Based on the report of The Wall Street Journal, the platform claims to be the definitive source of news and information through the lens of business, among others; the rivals of the beverage company Coca-Cola, the PepsiCo Inc. and the Keurig Dr Pepper Inc., have not announced mass layoffs this year.
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