Dive Summary:
- Coca-Cola Co. will fire 750 workers from its North America unit after cutting back its distribution regions from seven to three in a bid to boost efficiency and save money.
- The job losses equate to 1% of Coca-Cola's North American workforce; about 25% of the losses will come in Atlanta, Ga., where Coca-Cola has its headquarters.
From the article:
"... Chief Executive Officer Muhtar Kent has worked to restructure distribution in the U.S. since buying the North American operations of Coca-Cola Enterprises Inc. (CCE) in 2010. Coca- Cola, which now bottles about 80 percent of its drinks volume sold in the U.S., said in February it was paring the distribution regions to improve efficiency and cut costs.
The Coca-Cola Refreshments bottling unit now includes East, Central and West divisions. ..."
