COVID-19 impact: Coca Cola to lay off 2,200 employees as it trims businesses, brands
The coronavirus pandemic has hammered Coke s business, as sales at places like stadiums and movie theaters dried up due to lockdowns
Associated Press | December 18, 2020 | Updated 10:35 IST
The Atlanta-based company said around half of the layoffs will occur in the US, where Coke employs around 10,400 people
The Coca-Cola Company on Thursday said it s laying off 2,200 workers, or 17 percent of its global workforce, as part of a larger restructuring aimed at paring down its business units and brands. The Atlanta-based company said around half of the layoffs will occur in the US, where Coke employs around 10,400 people. Coke employed 86,200 people worldwide at the end of 2019.
BW Businessworld
The downturn forced the company to accelerate a restructuring that was already underway.
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The Coca-Cola Company has said that it was laying off 2,200 workers, or 17 per cent of its global workforce, as part of a larger restructuring aimed at paring down its business units and brands.
The Atlanta-based company said on Thursday that around half of the layoffs will occur in the US, where Coke employs around 10,400 people. Coke employed 86,200 people worldwide at the end of 2019.
The coronavirus pandemic has hammered Coke s business, as sales at places like stadiums and movie theaters dried up due to lockdowns. Its revenue fell 9 per cent to USD 8.7 billion in the July-September period.
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The Coca-Cola Company has said that it was laying off 2,200 workers, or 17 per cent of its global workforce, as part of a larger restructuring aimed at paring down its business units and brands. The Atlanta-based company said on Thursday that around half of the layoffs will occur in the US, where Coke employs around 10,400 people. Coke employed 86,200 people worldwide at the end of 2019. The coronavirus pandemic has hammered Coke s business, as sales at places like stadiums and movie theaters dried up due to lockdowns. Its revenue fell 9 per cent to USD 8.7 billion in the July-September period. The downturn forced the company to accelerate a restructuring that was already underway.
Lucy Nicholson/Reuters
Coca-Cola announced plans on Thursday to lay off 2,200 workers globally, with more than half of the job losses in the US.
The coronavirus pandemic has hammered Coca-Cola s business, as sales at stadiums and movie theaters dried up due to lockdowns.
Coca-Cola is laying off 2,200 workers as part of a larger restructuring aimed at paring down its business units and brands, the drinks giant announced Thursday.
Around 1,200 of the layoffs will occur in the US, it said, including roughly 500 in Atlanta, where the company is based.
Coke employed 86,200 people worldwide at the end of 2019, including 10,400 in the US.