Coca-cola Plans 4,000 Layoffs As Company Announces Global Reorganization

Coca-Cola plans 4,000 layoffs, as company announces global reorganization

Beverage giant Coca-Cola Company (NYSE: KO) plans to lay off 4000 employees. The company has announced strategic steps to reorganize the company for future growth. Coca-Cola  will focus on new operating units both regionally  and locally allowing them to work with global teams for new ideas. Voluntary severance packages will be offered throughout its workforce in the United States and Canada, as well as Puerto Rico. Due to the effects of the coronavirus it will prepare for a global severance program costing  Coca-Cola up to 550-million-dollars for a  global reorganization.

Coca-Cola suffered  due to many entertainment centers including movie theaters that sell their soft drinks forced to close during the Covid-19 pandemic.


Follow us on Google news for more updates and News










PLEASE READ THE IMPORTANT DISCLOSURES BELOW.

This content is being provided to you for informational purposes only. The content has been prepared by third parties not affiliated with CWEB Inc, a business. This content and any information contained therein, does not constitute a recommendation by CWEB to buy, sell or hold any security, financial product or instrument referenced in the content. This information neither is, nor should be construed as an offer, or a solicitation of an offer, to buy or sell securities by CWEB Inc. CWEB Inc. does not offer or provide any opinion regarding the nature, potential, value, suitability or profitability of any particular investment or investment strategy, and you shall be fully responsible for any investment decisions you make, and such decisions will be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance, and liquidity needs.

Unless stated otherwise, the web content provided by the CWEB family of companies is for educational purposes only. The information and tools provided neither are, nor should be construed, as an offer, or a solicitation of an offer, to buy or sell securities by CWEB Inc. or its affiliates. Unless stated otherwise, no information presented constitutes a recommendation by CWEB Inc. or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy.

Full Disclaimer


>