Coca-Cola to axe about 1,800 jobs globally
Net income fell 14% to US$2.1 billion in quarter ended Sep 30
New York
COCA-COLA said it was cutting 1,600 to 1,800 jobs globally as part of US$3 billion in costs it hopes to pare over the next several years.
"We have committed that we will ensure fair, equitable and compassionate treatment of our people throughout this process," the company said in a statement. It had said in the fall it would cut jobs, but did not say how many until Thursday. The company had 130,600 employees worldwide as of December 2013, the most recent figure available.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
Cutting the cord?: Events leading up to Cordlife’s MOH suspension and arrests of its directors, ex-group CEO
Australia’s retail sales volumes fall 0.4% in Q1
Possible class action lawsuit against Cordlife by customers could take at least 2 years
Chinese tariffs could leave cognac makers with too much brandy
Holiday Inn owner IHG’s Q1 revenue up 2.6%, leisure travel demand remains strong
WSJ moves Asia headquarters from Hong Kong to Singapore