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Home  » Business » Coca-Cola to cut jobs in India

Coca-Cola to cut jobs in India

Source: PTI
January 14, 2015 16:21 IST
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Beverages giant Coca-Cola will cut jobs in India as part of its "redesigning operating model" globally to accelerate business growth across markets.

"As part of the Coca-Cola Company's recently announced, multi-year productivity initiatives, we are now redesigning our operating model to streamline and simplify our structure and accelerate the growth of our global business," a Coca-Cola India spokesperson said.

"As we have acknowledged previously, this redesign work will result in impacts to jobs across our global operations including in India," he said.

With the company still working on the redesign process, the impact of the process is yet to be known, he said.

"We have, however, committed that we will ensure fair, equitable and compassionate treatment of our people throughout this process," he added.

Coca-Cola India employs around 250 people in India. Around 15,000 people are employed by the company's bottling partners which stay out of the redesign process.

The Atlanta-based company had already announced it would cut between 1,600 and 1,800 jobs worldwide in coming months to trim costs.

In October last year, the company had said it would cut costs by $3 billion by 2019 by bringing in enhanced efficiencies in its global operations.

The company employs around 1,30,000 people globally. Coca Cola sells a variety of both carbonated and non- carbonated drinks in India, including Coca Cola, Thums Up, Sprite, Maaza and Minute Maid. 

How to cope with layoffs

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If you have been laid off and coped with it well, we would like to know the lessons you learnt and what it takes to emerge successful.

Please mail your responses to getahead@rediff.co.in (Subject line: Layoffs) to help those who have been laid off or could face layoffs in the weeks to come.

MUST READ: Surviving Layoffs

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