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Coke to Cut up to 2,000 Jobs in Coming Weeks: WSJ

By Clip Syndicate
The Wall Street Journal reported citing sources, Coca-Cola Co plans to cut 1,000-2,000 jobs globally in the coming weeks. The report said, the company is also introducing stricter budgeting such as asking executives to swap limousines for taxis and canceled its Christmas party for Wall Street analysts. Coke said in October that it was targeting $3 billion in cost savings by 2019, up from the $1 billion it announced in February.

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