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Coke Institutes U.S. Hiring Freeze

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July 15, 2008 – Comments (3) | RELATED TICKERS: KO

The weak U.S. economy has prompted the Coca-Cola Co. to institute an absolute domestic hiring freeze for the remainder of the year, a spokesman for the company confirmed with Reuters on Friday.

Beverage Digest first reported the news after obtaining an internal memo from Coca-Cola North America President Alexander “Sandy” Douglas, who cited “the challenging economic environment” as the reason behind the freeze.

Coca-Cola spokesman Scott Williamson told Reuters that the freeze will allow the company “to focus all of our attention on our plans to continue to build our business with our retail partners, packaging initiatives and a host of other programs that we’ll have for 2008.”

The company had instituted a hiring freeze earlier in the year, BD reported, that made exceptions for “mission-critical” positions. The latest freeze does not. BD said only job offers made before July 1 would be fulfilled, but the freeze does not include vitaminwater, Fuze, Odwalla, or positions in Mexico or Canada.

Source: BevNET.com Staff

3 Comments – Post Your Own

#1) On July 15, 2008 at 12:24 PM, hansthered0 (< 20) wrote:

In other news...frozen coca-cola, it turns out, is very tasty.

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#2) On July 15, 2008 at 1:09 PM, kdakota630 (29.88) wrote:

LOL!  Funny, and FAST with the reply w/picture.

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#3) On July 15, 2008 at 1:31 PM, LordZ wrote:

Pepsi is better ;-P

better tasting.

anyone remember new coke ??

classic coke ???

which one survived ???

I don't know as I won't buy coke.

but when I have no choice in certain places, the coke tastes a lot closer to pepsi than the old coke classic.

 

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