Coca-Cola to Lay off up to Two Thousand in Coming Weeks

Foreign media reported, Coca-Cola planned to lay off 1000-2000 people worldwide in the coming weeks.

Wall Street Journal reported on Tuesday, said the company would also introduce more stringent budget, such as requiring the company executives to take taxi instead of special car, and canceling the Christmas party entertaining Wall Street analysts.

In response to the profit decline, Coca-Cola in October announced the planning to save $3 billion per year until 2019. (www.chinainout.com)