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Coke to cut 6000 jobs in major global restructuring
Coca-Cola will shed more than a fifth of its workforce, eliminating 6,000 jobs in a decentralization plan aimed at giving managers worldwide more decision making power. The cuts, the largest in the company's 113-year history, will impact Atlanta headquarters and are expected to save 300 million dollars annually while reducing earnings by 800 million before taxes this year.
MENTIONED IN THIS ARTICLE
Atlanta
Coca-Cola
Kevin Hundley
Coke
Coca- Cola
Tom Leigh
University of Georgia
Center For Marketing Studies
Georgia
Doug Daft
Daft
Europe
United States
Global
Wall Street
Caroline Levy
Schroder and Co