The Coca-Cola Co. said Thursday it’s laying off 2,200 workers, or 17% of its global workforce, as part of a larger restructuring aimed at paring down its business units and brands.
In a move to shift towards work from home practice, Beverages maker Hindustan Coca-Cola Beverages (HCCB) on Wednesday said it has introduced an option of permanent work-from-home for its employees whose physical presence in the office is not required as part of a new policy.
Sanket Ray, who is at present chief operating officer for Mainland China, will take over from T Krishnakumar, the current president of the India and Southwest Asia business unit.
Apart from allowing the company's entry into immunity-boosting category, the new products - Minute Maid Nutriforce and Minute Maid Vita Punch - are also in line with its efforts to advance beverage localisation.
"There is no place for racism in the world and there is no place for racism on social media," James Quincey, chairman and CEO of The Coca-Cola Company, said in a brief statement.
Under its hyper-local strategy, beverage major Coca-Cola India on Monday launched ''Spiced Buttermilk'', under its dairy brand ''VIO''.
The planned investment of $5 billion announced by the company in 2012 is expected to be completed by 2020 for retail infrastructure creation, bottling plants and introduction of new products, amongst others.
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