Coca-Cola announces revamp and will offer voluntary job cuts to 4,000

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Beverage giant Coca-Cola Co. on Friday announced a reorganization and will offer voluntary job cuts to 4,000 workers in the U.S., Canada and Puerto Rico, the company said in a press release. Voluntary layoff packages will be offered to those who have amost-recent hire date on or before Sept. 1, 2017. The company said a similar program will be offered across many international companies. Overall global severance programs are expected to cost the company between $350 million to $550 million.
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