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Coca-Cola To Offer Voluntary Exits Amid Its Restructuring Plans

By John F. Heerdink, Jr.

Reportedly, The Coca-Cola Company (KO) halves its operating units and offers a voluntary exit to 4,000 workers including, the U.S as, the beverage maker battles with declining sales reporting a 28% drop in sales in the last quarter of the year driven by coronavirus-led closures of restaurants, sports venues, and theaters.

The company plans to have nine operating units, based under four geographical segments, including bottling investment divisions and global ventures in comparison to its current 17 business units. Voluntary exit packages will also be offered to employees in Canada and Puerto Rico. However, details on the total number of workforce reductions remained disclosed.

Dow 30 Component, The Coca-Cola Company (KO), is the largest total beverage company in the world. It offers 500 plus brands in over 200 countries and is committed to reducing sugar in its drinks and providing new and diverse drinks to people everywhere. To learn more about The Coca-Cola Company (KO) and to continue to track its progress please visit the Vista Partners Coca-Cola Company Coverage Page.

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website:www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives. 

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(Read Original Story: Coca-Cola to cut jobs in restructuring in Reuters)


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