Coca-Cola Cuts Jobs But Not Executive Bonuses As 3G Capital Lurks

Is Coca-Cola CEO Muhtar Kent beating 3G Capital to the punch? As cost-cutting, productivity enhancing private equity hedge fund 3G Capital scours the U.S. for consumer packaged goods companies to acquire, Kent is announcing job cuts.

Coca-Cola announces job cuts

Coca-Cola today announced it will eliminate between 1,600 and 1,800 jobs and has begun notifying employees, according to a Wall Street Journal article. “We have committed that we will ensure fair, equitable and compassionate treatment of our people throughout the process,’’ the company was quoted as saying in a statement.