Coca-Cola to restructure staff structure proposes voluntary cuts

A forklift moves Diet Coke pallets to be shipped at a Coco-Cola bottling plant in Salt Lake City, Utah.

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Coca-Cola announced on Friday a staff restructuring plan that will cut voluntary jobs.

The company said it will offer voluntary layoff packages to eligible employees, starting with about 4,000 employees in the U.S., Canada and Puerto Rico who were hired on or before September 1, 2017. The voluntary layoffs are expected that the number of involuntary tribes being dismissed will follow.

Coca-Cola predicts that its total global layoff program will cost the company between $ 350 million and $ 550 million.

On the operations side, nine new units will replace 17 business units and will focus on faster scaling of new products and eliminating the duplication of resources. The divisions of Coke’s global corporate and investment bottling will not change.

Coke’s restructuring plan comes as the company streamlines its beverage portfolio to focus on larger and more popular markets. The company plans to build new operational units focused on the regional and local level that will work closely with five global marketing leadership teams, broken down by category.

The categories for beverages include the name of soda brand; sparkling flavors; hydration, sports, coffee and tea; nutrition, soup, milk and plant; and emerging categories. Leads for global categories will report to Coke’s Chief Marketing Officer Manolo Arroyo.

Coke is also creating a new unit dedicated to efficiency and making optimal use of its global scale. The organization will address data management, consumer analytics and e-commerce and will work in collaboration with its bottlers. Barry Simpson, Coke’s chief information officer and integrated services officer, will lead it.

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