Coca-Cola to restructure workforce, announces job cuts

Coca-Cola said on Friday it would be cutting part of its global workforce as part of a company-wide restructuring.

The company did not provide details on how many jobs it plans to cut, but according to Reuters it would offer voluntary separation packages to 4,000 employees in the United States, Canada and Puerto Rico.

The company said it would incur about $350m to $550m in severance expenses.