Coca-Cola layoffs come as Atlanta beverage giant diversifies (WABE 90.1 FM)
KSU economist: Market shifts mean 'you have to be able to make adjustments'
KENNESAW, Ga. (Jun 26, 2017) — Coca-Cola said it expects to save an additional $800 million in "productivity savings" with its latest restructure, which included its latest notice to the Georgia Department of Economic Development that 421 employees based in three Atlanta offices will lose their jobs.
"Usually 'productivity savings' is corporate speak for doing the same activities with a smaller number of people,” said Roger Tutterow, a professor of economics at Kennesaw State University.
A leader in innovative teaching and learning, Kennesaw State University offers more than 150 undergraduate, graduate and doctoral degrees to its approximately 41,000 students. With 11 colleges on two metro Atlanta campuses, Kennesaw State is a member of the University System of Georgia and the third-largest university in the state. The university’s vibrant campus culture, diverse population, strong global ties and entrepreneurial spirit draw students from throughout the region and from 92 countries across the globe. Kennesaw State is a Carnegie-designated doctoral research institution (R2), placing it among an elite group of only 6 percent of U.S. colleges and universities with an R1 or R2 status, and one of the 50 largest public institutions in the country. For more information, visit kennesaw.edu.