Coca-Cola to Cut 1,800 Jobs in US, Worldwide in Order to Save Costs

The company released a statement which says that the American multinational beverage giant is planning to cut up to 1,800 jobs globally within the next few months as part of its cost reduction strategy.

WASHINGTON, January 8 (Sputnik) – American multinational beverage giant Coca-Cola is planning to cut up to 1,800 jobs globally in the next few months as part of its cost reduction strategy, according to the company’s statement released Thursday.

“While different parts of the business will announce changes at various times as they finalize their redesign models, at this time we have identified 1,600-1,800 positions in Corporate, Coca-Cola North America and Coca-Cola International that will be eliminated in the coming months,” Coca-Cola Company said in a statement.

The company said it began notifying American and some international workers Thursday.

“We do not take decisions about job impacts lightly. We have committed that we will ensure fair, equitable and compassionate treatment of our people throughout this process,” the company said.

The company, that employs about 130,000 workers worldwide, made the decision in an effort to save $3 billion in operational costs, which was announced in October.

Company’s previous job-cutting move took place in 2000, when Coca-Cola fired 5,200 workers. Coca-Cola Company is the world’s largest beverage company that sells products in more than 200 countries.