Reuters: U.S.: Coca-Cola cutting 750 U.S. jobs

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Coca-Cola cutting 750 U.S. jobs Mar 21st 2013, 14:39 Tweet Share this Email Print Analysis & Opinion How smart businesses are winning in emerging markets Related Topics Investing and Taxes Simplified » U.S. » A Coca-Cola logo on a truck at a distribution center in Alexandria, Virginia October 16, 2012. Credit: Reuters/Kevin Lamarque Thu Mar 21, 2013 10:39am EDT (Reuters) - Coca-Cola Co said on Thursday it will lay off 750 people in the United States as the world's largest soft drinks maker streamlines its business three years after a big acquisition. The job cuts, which will be across the board, represent about 1 percent of the company's workforce of 75,000 in North America. About one-fourth of the cuts will be in Coke's home city of Atlanta, said a spokesman, confirming an earlier media report. In a memo sent to employees last month, a copy of which was seen by Reuters, Coke said that since the integration of its North American bottling system in 2010, it has identified areas that must be improved. "We must become a more aligned and unified North American group," the memo said. "That means improving our structures, processes and systems." Shares of Coca-Cola, which operates in nearly all the countries of the world, were up 3 cents at $39.90 in morning trade. (Reporting By Martinne Geller in New York; Editing by Gerald E. McCormick) Investing and Taxes Simplified Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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