Labor & Economic News Blog
Monday, January 29, 2007
Coke's main bottler planning job cuts, experts say
Coke's main bottler planning job cuts, experts sayCoca-Cola Enterprises is preparing to eliminate more than 1,000 jobs as it wrestles with escalating materials costs and sliding soft drink sales in North America, beverage industry experts say. Atlanta-based CCE, the world's largest soft drink bottler, could cut as many as 3,000 workers from its North American force of 65,000, according to Morgan Stanley beverage analyst Bill Pecoriello. And John Sicher, publisher of industry newsletter Beverage Digest, reported that cuts will likely be in the "4-digit range."
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