Coke – To cut up to 2,000 jobs soon

Coca-Cola Co (KO.N) plans to cut 1,000-2,000 jobs globally in the coming weeks, the Wall Street Journal reported, citing people familiar with the matter. 

The job cuts are part of Coke’s $3 billion cost-cutting program, which it announced in October after posting a 14 percent drop in third-quarter profit, according to the Journal.

Job-cut notices will go out to North American staffers by Jan. 8 and international employees will be given a timeline for job cuts by Jan. 15, the Journal said.

Chosen excerpts by Job Market Monitor. Read the whole story at Coke to cut up to 2,000 jobs in coming weeks: WSJ | Reuters.