Dive Brief:

• Australia-based Coca-Cola Amatil will undergo a $100 million reorganization and cut some 260 jobs as the bottler looks to cut costs.
• The cuts were announced as Amatil said its first half profit fell by 16% amid weakening sales.
• The move comes just weeks after Coca-Cola, which owns nearly one-third of Amatil, committed to investing $500 million to acquire a 29.4% stake in Amatil's Indonesian operations. 

Dive Insight:

Coca-Cola Amatil, like Coca-Cola itself, can see the writing on the wall. Not only are soda sales not what they used to be, they likely never will be again. Hence the interest - which seems even more sensible after this latest news of reorganization and job cuts - in the tea and juice market of Indonesia.