Report: Coca-Cola bottler eyes job cuts

Trade publication, citing unnamed sources, says world's biggest bottler could soon announce staff reduction of a thousand or more.

By Parija B. Kavilanz, CNNMoney.com staff writer

NEW YORK (CNNMoney.com) -- Coca-Cola Enterprises Inc., the world's largest bottler, could announce a significant cut in its U.S. work force of 65,000 as early as next month, according to a published report Friday.

Citing unnamed sources, trade publication Beverage Digest said the company will provide more details about its 2007 outlook, including planned headcount reduction, when it releases its fourth-quarter results on Feb. 13.

Sources told Beverage Digest the total number of jobs to be eliminated is estimated to be in the "four-digit range."

Coca-Cola Enterprises (Charts) sells approximately 80 percent of No. 1 beverage maker Coca-Cola's (Charts) bottle and can volume in North America.

CCE officials were not immediately available for comment.

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.