Coca-Cola cuts thousands of jobs across US and Canada

Coca-Cola is offering 4,000 buyouts to workers as it prepares to make job cuts due to the coronavirus.

The company, which has suffered a decline in sales as a result of the pandemic, announced on Friday it would make “voluntary and involuntary” staff cuts.

Coca-Cola did not say how many jobs would be lost in total but has confirmed it will reduce the number of its individual business segments from 17 to nine.

In a statement, the company said that the voluntary programme was expected to reduce the number of involuntary redundancies.