NEW DELHI -- Beverages giant Coca-Cola will cut jobs around the world, including in India as part of a restructuring of its operating model.
"As part of the Coca-Cola Company's recently announced, multi-year productivity initiatives, we are now redesigning our operating model to streamline and simplify our structure and accelerate the growth of our global business," a Coca-Cola India spokesman said. "As we have acknowledged previously, this redesign work will result in impacts to jobs across our global operations including in India," he said.
The quantum of job losses in India is not yet clear. Coca-Cola employs around 250 people in India.
Up to 15,000 people are employed by the company's bottling partners which stay out of the redesign process. The Atlanta-based company had already announced it would cut between 1,600 and 1,800 jobs worldwide in coming months to trim costs. In October last year, the company had said it would cut costs by $3 billion by 2019 by bringing in enhanced efficiencies in its global operations. The company employs around 1,30,000 people globally.
Coca Cola sells a variety of both carbonated and non- carbonated drinks in India, including Coca Cola, Thums Up, Sprite, Maaza and Minute Maid.Suggest a correction