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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Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.