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Coca-Cola announces plans to lay off approximately 1,600 to 1,800 employees globally in the coming months as part of its cost-cutting initiative. The beverage giant aims to reduce costs by $3 billion, streamlining and simplifying its operating model. The announcement causes a rise in Coca-Cola's shares. The company, which currently employs around 130,000 people worldwide, assures affected workers of fair and compassionate treatment during the process.
Wednesday, 7 January, 2015