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Soft Drink Industry Layoffs

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July 18, 2001 | Associated Press
Coca-Cola Enterprises, the world's largest Coke bottler, said it is cutting 2,000 jobs--about 3% of its worldwide work force--to streamline its North American operations. The company announced the move as it reported a 6.6% decline in second-quarter net income of $114 million, or 27 cents a share, missing analysts' expectations by 2 cents. Revenue edged up 2% to $4.11 billion. The bottler, which is 40%-owned by Coca-Cola Co.
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BUSINESS
July 18, 2001 | Associated Press
Coca-Cola Enterprises, the world's largest Coke bottler, said it is cutting 2,000 jobs--about 3% of its worldwide work force--to streamline its North American operations. The company announced the move as it reported a 6.6% decline in second-quarter net income of $114 million, or 27 cents a share, missing analysts' expectations by 2 cents. Revenue edged up 2% to $4.11 billion. The bottler, which is 40%-owned by Coca-Cola Co.
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