Coca-Cola announced on Friday, August 28, it will cut 4,000 jobs in North America as part of a reorganization following a rough 2nd quarter in which COVID-19 slashed profits.
The iconic American brand, that owns dozens of juice, water, and soft drink labels, said it plans to cut down to 9 business units from 17 currently, but will offer severance packages to employees costing between $350 million and $550 million. "The program will provide enhanced benefits and will first be offered to approximately 4,000 employees in the United States, Canada, and Puerto Rico."
Source: News Formal (newsformal.com)
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