Coca-Cola Co. confirmed with MarketWatch on Tuesday that it will cut between 250 and 350 jobs after putting a new operating model in place for its bottling system. The company will eliminate some jobs, “re-orient others” and create new positions. Coca-Cola had 12,400 employees in the U.S. as of Dec. 31, 2017, according to its most recent 8-K filing. Most of the layoffs will take place in the company’s Atlanta headquarters. The company has 5,000 workers in Georgia. Coca-Cola shares are up 5.2% for the past year while the Dow Jones Industrial Average is up 23.4% for the period.
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