Coke will offer buyouts to 4,000 workers in the US and CanadaSALT LAKE CITY, UT - FEBRUARY 10: Bottles of Coke-Cola wait to be shipped out at a Coco-Cola bottling plant on February 10, 2017 in Salt Lake City, Utah. Coke said Friday the job cuts would come in the form of voluntary and involuntary reductions. It plans tofirst offer buyouts to 4,000 employees in the US, Canada and Puerto Rico and then offer a similar voluntary program in other countries. As of Dec. 31, 2019, Coke had 86,200 employees, of which approximately 10,100 were located in the United States. In Coca-Cola’s second quarter, which ended on June 26, the company saw sales drop 28% to $7.2 billion.

Source: The Star August 28, 2020 19:41 UTC