EMCC European Monitoring Centre on Change

The Coca-Cola Company

Company/Organisation:
The Coca-Cola Company

Geographic Location

Country: World
Location of affected unit(s): United States, Europe and Asia

Company

Sector: Manufacturing
Manufacture of food products, beverages and tobacco products
11 - Manufacture of beverages
Number Employed: 56000
Group: The Coca-Cola Company

Employment Effects

Announcement Date: 30-10-2003
Planned Job Reductions min: 2800
Planned Job Reductions max: 2800
Type of Restructuring: Internal restructuring

Additional Information

In September 2003, The Coca-Cola Company announced a restructuring plan affecting 1,900 jobs worldwide. In October 2003, The Coca-Cola Company announced 900 additional job losses. On a total workforce of 56,000 employees worldwide, Coca-Cola will dismiss 5%, i.e. 2,800 jobs. 1,275 jobs will be dismissed in the United States by the closure of several plants; 900 in Germany; and the rest, 635 jobs, in Asia.