Coca-Cola to Cut 1,200 Jobs as People Drink Less Sugary Drinks

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Coca Cola said it would cut 20% of its corporate workforce to save $800m, and will increase cuts to save $3.8b by 2019.

The current corporate staff is 5,500, around 5% of the total workforce of over 100,000.

The company expects profits to be down 1 – 3% this year.

Sugary drink and snack companies are looking towards new technology to reduce sugar while keeping sweetness.