Coca-Cola to cut 4,000 jobs amid pandemic due to declining sales


Share post:

Coca-Cola is preparing to cut up to 4,000 full-time workers in part, due to declining sales during the COVID-19 pandemic. The company called the cuts “voluntary and involuntary” to staff.

The company hopes voluntary buyouts will reduce involuntary staff cuts.

“In order to minimize the impact from these structural changes, the company today announced a voluntary separation program that will give employees the option of taking a separation package, if eligible.” Coca-Cola said in a statement. “The program will provide enhanced benefits and will first be offered to approximately 4,000 employees in the United States, Canada and Puerto Rico who have a most-recent hire date on or before Sept. 1, 2017.”

The severance program is expected to range between $350 to $550 million dollars.

Part of the decline in sales has stemmed from entertainment venues, such as sporting stadiums, movie theaters, and restaurants which have seen a huge disruption due to efforts to mitigate the pandemic.


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Related articles

Bourbonnais, IL – Honor Roll Academic Achievement Highlighted at BBCHS

Bourbonnais, IL - Bradley-Bourbonnais Community High School has announced its honor roll, celebrating students' academic achievements for the first...

Milwaukee High-Speed Chase Ends in Arrest of Fugitive after Crashing into Building

Milwaukee, WI - A late-night pursuit by the Milwaukee County Sheriff's Office led to the arrest of a...

South Bend, Indiana: Man Arrested After High-Speed Chase and Drug Find by State Police

South Bend, IN - A South Bend man faces multiple charges after a high-speed pursuit with an Indiana...

Nationwide Alert: Over 15 Million Toshiba Laptop AC Adapters Recalled for Fire Hazard

Chicago, IL - Owners of Toshiba laptops are urged to check their devices' AC adapters. Dynabook Americas has...