Consumers Security
Coca-Cola Facing Major Financial Challenges As Sales Steadily Decline
December 26, 2014 by John Vibes
Deviantart /
valerianastock
In recent years, consumers have been slowly but surely
cutting back on things like soda, junk food, and GMOs, in favor of a more
healthy diet.
As we reported earlier this month, companies like Monsanto are losing millions as a
result, and are struggling to maintain the long-term stability of their
businesses.
Very soon, these businesses will be forced to either
change with market demand, or risk bankruptcy.
Highlighting this trend, is the recent news that
Coca-Cola is experiencing major financial difficulties as well.
The Wall Street Journal recently
reported that Coca-Cola is cutting up to 2,000 jobs in an attempt
to reduce their annual budget by $3 billion. Meanwhile, executives have
been cancelling expensive parties and are reportedly no longer able to travel
in limosines.
The recent cutbacks were announced just after the
company reported a 14% decline in third-quarter earnings.
According to a recent report, at Coke’s Atlanta
headquarters and global regional offices more than 10% of corporate
staff are at risk of losing their jobs.
Employees at Coke will not receive any specific notice
if their job will be cut until January 15th.
No comments:
Post a Comment