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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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