breaking news

Delta warns storm could impact flights

Coca-Cola laying off 421 as part of earlier plan to cut 1,200 jobs


Coca-Cola said it is laying off 421 people at its headquarters and two other Atlanta locations on July 15, according to a notice sent to state officials.

The lay-offs, which include 334 at its headquarters near downtown Atlanta, are part of about 1,200 job cuts then-Coca-Cola President James Quincey announced just before he stepped in as the company’s new chief executive on May 1.

The other layoffs include 59 people with corporate positions at Coke offices in SunTrust Plaza, and 28 people in an office building next to Coke’s headquarters.

Coca-Cola spokesman Kent Landers said Coca-Cola has been notifying people on “ongoing” job cuts since that announcement, and that a significant share of the job cuts will be in the beverage company’s headquarters locations in Atlanta. He said job cuts are expected to continue to late 2017 or into 2018.

The company’s plans to eliminate 1,200 jobs from a pool of 5,500 corporate positions is part of Quincey's goals to re-tool Coke’s product line-up, bottling operations and other parts of the company to rev up revenue and profit growth. The company has saidit plans to use part of the savings — about $800 million through 2019 — to reinvest in new products and marketing.

The job cut notices, which Coca-Cola filed with the Georgia Department of Economic Development, are a requirement of a 1988 federal law, the Worker Adjustment and Retraining Notification Act. The WARN Act requires companies to give employees and state officials 60 days’ notice, in most cases, of such moves.

MYAJC.COM: REAL JOURNALISM. REAL LOCAL IMPACT.

AJC Business reporter Russell Grantham keeps you updated on the latest news about major companies, CEOs and public utilities in metro Atlanta and beyond. You'll find more on myAJC.com, including these stories:

Never miss a minute of what's happening in local business news. Subscribe to myAJC.com.



Reader Comments ...


Next Up in Business

8 easy, money-making side gigs for teens 
8 easy, money-making side gigs for teens 

Whether it's the teen who'd like extra money for things like clothes or gas or a parent who'd like to see their high school or college-aged child get off the couch when school’s out, a part-time job can be a wonderful thing. »RELATED: Apple hiring for work from home positions Of course, child labor laws dictate how young is too young...
Atlanta purchasing chief gets 27 months for role in federal bribery case
Atlanta purchasing chief gets 27 months for role in federal bribery case

Adam Smith, the city of Atlanta’s former top purchasing official, was sentenced Tuesday to 27 months in prison for his part in the city’s cash-for-contracts scandal following an emotional hearing in which supporters and even the government asked for leniency in light of his cooperation and acceptance of responsibility.   ...
Lawsuit accuses Delta of discrimination in restroom run bumping
Lawsuit accuses Delta of discrimination in restroom run bumping

A lawsuit is moving forward in which a Delta Air Lines passenger, who was booted from a plane last year after an urgent restroom run before takeoff, accuses the airline of racial discrimination. The passenger, Kima Hamilton, gained widespread attention after a video posted online showed him being asked to exit the plane. An attorney seated nearby...
Diet Coke rebrands with ‘real (new) thing’ to attract millenials
Diet Coke rebrands with ‘real (new) thing’ to attract millenials

Coca-Cola has introduced new packaging and four new fruit-flavored drinks to its Diet-Coke brand, to attract a new generation of drinkers. In a statement, the company said the re-brand will target consumers interested in trying new things, besides retaining the loyal diet coke consumer. “We’re contemporizing the Diet Coke brand and portfolio...
Atlanta home prices up in December, but listings are scarce
Atlanta home prices up in December, but listings are scarce

Atlanta home prices continued to rise, while the number of homes sold kept declining in December, according to a report issued Friday. The median sale price of a home sold in metro Atlanta last month was $250,000, a climb of 5.5 percent from the same month a year ago, according to the monthly report by the Atlanta Realtors Association. The key factor...
More Stories