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By www.EmploymentCrossing.com
Coca-Cola to Phase Out 350 Jobs
By www.EmploymentCrossing.com
Coca-Cola, one of the world’s largest bottling operations, has just cut 350 jobs, or five percent of its workforce. The 350 jobs to be phased out were from the company’s Charlotte, North Carolina, South Park headquarters.
The famous non-alcoholic beverage maker blames rising costs of sweetener, gas prices, and weakening soft drink sales as the reasons for the cuts.
Many of the affected employees were in management positions, and the remaining cuts came from jobs that were already vacant.
As a result of their restructuring plan, the company will gain $4-5 million.
The company says the personnel cuts were necessary to improve efficiency and help offset significant increases in the cost of raw materials and in its operating expenses.
Coke produces a broad range of non-alcoholic beverages and is the country’s second largest bottler for the Coca-Cola Company. Coca-Cola operates in nine southeastern states.
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