Coca-Cola to Cut Thousands of Jobs as Coronavirus Hits Sales

Coca-Cola to Cut Thousands of Jobs as Coronavirus Hits Sales
The Coca Cola logo is seen on trucks in Brussels, Belgium. Mark Renders/Getty Images
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Coca-Cola Co on Friday joined a list of big U.S. companies laying off thousands of workers in response to the coronavirus crisis, offering voluntary deals across its businesses and promising to halve its number of operating units.

The company was offering voluntary redundancy to 4,000 workers in the United States, Canada, and Puerto Rico and would offer similar deals in other markets, it said in a statement, while also signaling other layoffs were likely to follow.