Coca-Cola cuts 2,200 jobs, sheds drinks brands amid pandemic hurt - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

Ireland News News

Coca-Cola is cutting 2,200 jobs, including more than 10% of its US workforce, as it scraps half its drinks brands

Coca-Cola announced plans on Thursday to lay off 2,200 works 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.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% year-on-year to $8.7 billion between July and September.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Can O'Soda.....; Melissa Bonjorn; Melissa Bonjorun....; Amy As Mike would say.....; Melissa Amy; LOL

Despite the horrific job loss, the 3 customers drinking decaffeinated Coca Cola Zero Vanilla Cherry flavor from mini-cans will start up a petition. overpersonalisation

Check it out! Do You Want To Create 3d Animated Logo Intro Video In $5 ? Contact Me : Logo Intro Video Intro Youtube Intro Logo Animation 3D Logo Animation Best Logo Animation

At least they brought Cherry Coke Zero back!

Closure of bars, pubs and restaurants also hitting the drinks market.

80/20 principle at work. Maintain vital few and discard the trivial many.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Coca-Cola general counsel makes big push on outside firm diversity - Business InsiderBusiness Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know. Very discriminative I have a $42,000 bill I just got from my lawyer. Think I can send $29,400 if I claim I was offended they didn’t have enough minorities working there? What has this world come to...? Do the heads of Coke know their GC is a racist?
Source: BusinessInsider - 🏆 729. / 51 Read more »

Coca-Cola with Coffee launched in US, drone delivery in Georgia: photos - Business InsiderCoca-Cola with Coffee is being rolled out nationwide. If you live in Coffee County, Georgia, you can even get it delivered by drone. Isn't it already caffeinated? Check out my Gig on Fiverr: I will make promo video for your company brand logo Do you think this is what people really need right now?
Source: BusinessInsider - 🏆 729. / 51 Read more »

Melinda Gates Gets 25 Million Shares of Coca-Cola Company, Transferred from Their FoundationBill and Melinda Gates are shifting more of their fortune into Melinda Gates' name ... and new documents show she's gonna be a big fan of Mexican Coca-Cola. Here have a coke, K bye 👋 😘 Jesus tmz.. Just air out all their business. thats a lotta fuckin' coke melinda
Source: TMZ - 🏆 379. / 59 Read more »