Coca-Cola is to cut up to 1,800 jobs worldwide, about 1% of its global workforce, as the world’s largest beverage company continues to struggle with sluggish international growth and mounting concerns over obesity and artificial sweeteners.
The job cuts will stretch across Coke’s corporate headquarters and North American operations, as well as its international units. The company employs around 130,000 people globally.
“We are redesigning our operating model to streamline and simplify our structure and accelerate the growth of our global business,” Coca-Cola said. “We will continuously look for ways to streamline our business and drive growth as our business and our operating model evolve.”