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Coca-Cola to restructure workforce, sets voluntary job cuts

Coca-Cola on Friday announced a workforce restructuring plan, which will include voluntary job cuts. 

The company said it will offer voluntary layoff packages to employees who qualify, starting with about 4,000 workers in the U.S., Canada and Puerto Rico who were hired on or before Sept. 1, 2017.

Coca-Cola is forecasting that its overall global severance program will cost the company between $350 million and $550 million.

This is breaking news. Please check back for updates.

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