Coca-Cola to cut up to 350 management positions at Atlanta headquarters
As roles are eliminated, some positions will be re-oriented towards “updated capabilities and innovation,” Coca-Cola spokesperson, Kent Landers, said.
"Over the last year we have been implementing a new operating model that returns ownership of our bottling system to local operators, increases our productivity and creates a performance-driven culture to accelerate the growth of our total beverage business in the US and globally," Landers said in statement.
"We recognize that any decision that impacts our employees’ lives is difficult and we are committed to treating our people with dignity, fairness and respect through this process."
The decision comes as the company is returning ownership of its bottling operations to independent companies, an effort which it has completed in its core markets of the China, Japan, and the US.
During the Coca-Cola’s Q417 earnings call, CEO James Quincey said the shift in its operational model will also help create a “lean model with employees who are externally focused, empowered, quick to take action and willing to take smart risks.
“We are assertively shifting our culture, the way we operate, the way we look at growth opportunities and the way we engage with our bottling system,” Quincey continued.
