Coca-Cola cutting jobs

Coca-Cola plans to cut some information technology jobs in order to streamline operations. The Atlanta-based beverage maker would not say how many jobs would be dropped from its IT department of 1,100 employees. Coke will notify those affected by mid-November, with separations taking place by the end of the year. Coke president and CEO Muhtar Kent said earlier this year he wanted to find up to 500-million dollars in annual savings in the next three years.