Coca-Cola India to cut jobs as part of global process to accelerate growth

Coca-Cola, the US-based beverages giant, will cut jobs in India as part of its redesigning operating model globally to accelerate business growth across markets.

"As part of the Coca-Cola Company's recently announced, multi-year productivity initiatives, we are now redesigning our operating model to streamline and simplify our structure and accelerate the growth of our global business," a Coca-Cola India spokesperson said.

"As we have acknowledged previously, this redesign work will result in impacts to jobs across our global operations including in India," he said.

With the company still working on the redesign process, the impact of the process is yet to be known, the spokesperson added.

We have, however, committed that we will ensure fair, equitable and compassionate treatment of our people throughout this process, he said.

Coca-Cola India employs around 250 people. Up to 15,000 people are employed by the company's bottling partners, which stay out of the redesign process.

The Atlanta-based company had already announced it would cut between 1,600 and 1,800 jobs worldwide in coming months to trim costs. In October 2014, the beverage company had said it would cut costs by US $3 billion by 2019 by bringing in enhanced efficiencies in its global operations.

Coca-Cola employs around 1,30,000 people globally and around 250 people in India. Up to 15,000 people are employed by the company's bottling partners, which stay out of the redesign process.

The beverage giant sells a variety of both carbonated and non- carbonated drinks in the country, including Coca-Cola, Thumbs Up, Sprite, Maaza and Minute Maid.