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Coca-Cola Plans Layoffs This YearAssociated Press
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October 2, 2008
ATLANTA - The Coca-Cola Co. says it is cutting information technology jobs in a bid to become more efficient.
Company spokesman Dana Bolden would not say Thursday how many jobs will be eliminated, but said there will not be a major reduction in staff.
The IT department has 1,100 employees. They will be notified by mid-November of their job statuses. The job cuts will take place by the end of the year.
Coca-Cola (nyse: KO - news - people ) President and Chief Executive Muhtar Kent said earlier this year he wanted to find $400 million to $500 million in annual productivity savings by the end of 2011.
http://www.forbes.com/feeds/ap/2008/10/02/ap5504076.html
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