Now Coca-Cola will also lay off thousands of workers, a big drop in the company's sales

New Delhi, Saturday 29 August 2020

Beverage company Coca-Cola has announced layoffs of thousands of workers in the Corona virus crisis, restructuring Coca-Cola Rota's workforce as well as reducing its operating units. Such a move is being taken by the company, a statement issued by the company indicates that such decisions may have to be taken further.

The world's largest beverage company said the voluntary redundancy program would help cut costs to some extent, reducing the cost of the company's previous global separation program by 5 550 million to 350 350 million.

With the closure of bars, restaurants and cinema halls, the company's sales have plummeted, with most of Coca-Cola's products being the most sold here on a normal day. The Bottling Investments Division will also be involved. Under the current model, the company has 17 business units.

The retrenchment by Coca-Cola comes at a time when applications for Unemployment Benefits are on the rise in the United States. As many as 1 million people have applied in the past week, the US government said, adding that the second quarter saw its economy suffer the most in 73 years.

Coca-Cola reported last month that its sales were down 28 percent, with the company saying the last quarter had been the most challenging for it amid conditions created by the Corona virus.