Huffpost Business

Coca-Cola To Cut 750 Jobs In U.S.

Posted: Updated:
COCACOLA JOB CUTS
Getty Images

NEW YORK — Coca-Cola says it's cutting 750 jobs in the U.S. as it continues to streamline its business.

The world's biggest beverage maker says the jobs cuts will be across the board and that affected individuals will be notified in coming weeks. The cuts represent roughly 1 percent of the company's workforce of 75,000 in North America.

A spokesman says about a quarter of the cuts will be in Atlanta, where the company is based.

In a memo to employees last month, The Coca-Cola Co. noted that it had identified "areas that must be improved" since buying the North American operations of its largest bottler in 2010. The memo also noted it was realigning its U.S. business into three geographies, down from seven, to reflect the successful structure in its food-service business.

Coca-Cola has noted that it managed to deliver profit growth in a year "marked by continued uncertainty in the global economy."

For 2012, the company reported a 5 percent increase in net income, with global sales volume up 4 percent. Its drinks include Sprite, Minute Maid, Powerade and Dasani bottled water.

Coke's stock price rose 20 cents to close at $40.07 Thursday.

Related on HuffPost:

Close
10 Things The Fast Food Industry Doesn't Want You To Know
of
Share
Tweet
Advertisement
Share this
close
Current Slide

Suggest a correction

Around the Web

Coca-Cola to Improve Compensation In Hopes of Lifting Employee ...

Coca-Cola confirms up to 450 potential German job losses

Coca-Cola Bottling Company Consolidated - The New York Times

Coca-Cola's bottler deal creates job worries | www.ajc.com

Coca-Cola announces job cuts

Aiming for 50 percent women in workplace: 'A tough goal'