The Coca-Cola Company's reorganizing of global structure will lead to job losses

The Coca-Cola Company recently announced plans for a reorganization of its operating structure and a wave of major redundancies as part of a larger restructuring. In its publicly released statement on August 28, 2020 the company stated that this would result in reallocating jobs and resources, including "voluntary and involuntary reductions in employees."

Coca-Cola is initially planning to lay off approximately 4,000 employees, or 37% of its North American workforce in the United States, Canada and Puerto Rico. Similar lay off plans are expected internationally in many countries.

The company added that there are voluntary programs, which they expect will reduce the number of forced layoffs required. The overall severance program is expected to cost between $350 million and $550 million. The company's current operating structure consists of 17 business units that are placed under four geographical segments, plus Global Ventures and Bottling Investments. As a result of reorganizing the operating structure, the business units will reduce to nine under four geographical segments, along with Global Ventures and Bottling Investments.

The Coca-Cola Company employs about 86,000 people globally, including 10,800 in the U.S., Canada and Puerto Rico. The Coca-Cola system as a whole, including its bottling partners, employs more than 700,000 people.

As a matter of urgency we are requesting you to inform us of any proposed changes or impact on employment caused by this restructuring operation.