Coca-Cola will cut nearly 2,200 jobs worldwide, with 1,200 jobs in the United States expected to be cut due to declining sales amid the coronavirus pandemic.
Job cuts in the US will account for almost 12% of the nearly 10,400 jobs the company reported at the end of last year. Five hundred jobs at the headquarters of the beverage corporation in Atlanta are expected to be eliminated as well, CNN reported.
Voluntary and involuntary departures are expected, costing Coca-Cola between $ 350 million and $ 550 million in compensation packages. The company also plans to downgrade from 17 companies operating in four regions to just nine, according to CNN.
Coca-Cola is preparing for discounts this summer, when it offered purchases to nearly 4,000 employees in Canada and the United States Earlier this year, the brand also announced that it will give up Tab, Odwalla and Zico, media reported the press.
Nearly 86,200 people worked for Coca-Cola last year.