Coca-Cola To Cut Up To 2,000 Jobs: WSJ

Coke Is Cutting A Lot Of Jobs
In this June 30, 2014 photo cans of Coca-Cola soda pop are shown in the refrigerator inside of Chile Lindo in San Francisco. San Francisco and Berkeley are aiming to become the first U.S. cities to pass per-ounce taxes on sugary drinks. (AP Photo/Jeff Chiu)
In this June 30, 2014 photo cans of Coca-Cola soda pop are shown in the refrigerator inside of Chile Lindo in San Francisco. San Francisco and Berkeley are aiming to become the first U.S. cities to pass per-ounce taxes on sugary drinks. (AP Photo/Jeff Chiu)

(Reuters) - Coca-Cola Co (KO.N) plans to cut 1,000-2,000 jobs globally in the coming weeks, the Wall Street Journal reported citing sources.

The company is also introducing stricter budgeting such as asking executives to swap limousines for taxis and canceled its Christmas party for Wall Street analysts, the report said. (on.wsj.com/1CCr0re)

Coke said in October that it was targeting $3 billion in cost savings by 2019, up from the $1 billion it announced in February.


(Reporting By Yashaswini Swamynathan in Bengaluru; Editing by Sriraj Kalluvila)

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