Business

Coca-Cola to cut 750 jobs in US

Coca-Cola’s latest job cuts represent about 1 percent of the company’s workforce in North America.
Jewel Samad/AFP/Getty Images/File 2011
Coca-Cola’s latest job cuts represent about 1 percent of the company’s workforce in North America.

NEW YORK — Coca-Cola is cutting 750 jobs in the United States as it continues to streamline its business.

The world’s biggest beverage maker said Thursday that the job cuts will be across the board and that affected individuals will be notified in coming weeks. The cuts represent roughly 1 percent of the company’s workforce of 75,000 in North America.

A spokesman said about one-quarter of the cuts will be in Atlanta, where the company is based.

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In a memo to employees last month, The Coca-Cola Co. noted that it had identified ‘‘areas that must be improved’’ since buying the North American operations of its largest bottler in 2010. The memo also noted it was realigning its US business into three geographies, down from seven, to reflect the successful structure in its food service business.

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Coca-Cola has noted that it managed to deliver profit growth in a year ‘‘marked by continued uncertainty in the global economy.’’

For 2012, the company reported a 5 percent increase in net income, with global sales volume up 4 percent. Its drinks include Sprite, Minute Maid, Powerade, and Dasani bottled water.

Associated Press