Coke Cuts Workforce


Coca-Cola Co. will cut 80 jobs in several departments after its ongoing reorganization efforts identified the positions as redundant. The job cuts, which amount to about 0.3 percent of the soft drink company's workforce, affect workers primarily in promotions, human resources, and finance and marketing.

Coke officials said the cuts are not related to the general weakness of the U.S. economy or any effects from the Sept. 11 terrorist attacks, according to the Associated Press.

Steve Heyer, Coke's president of new business ventures, said the latest employee moves are designed to better mesh the company's headquarters and North American operations, which are both based in Atlanta.

Cost savings to the company will be minimal from the cuts, Heyer said. Last year, the beverage giant trimmed 5,200 of its 29,000 employees.
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