The company also announced the sale of what it called a number of non-core assets.
Cuts will come from manufacturing, purchasing and administrative divisions over the next three years.
Machinery maker says cuts will save $1.14 billion this year.
World’s largest beverage maker says it is looking to save up to $3 billion annually.
Automaker says move cuts complexity and boosts accountability.
Specialty paper producer Catalyst Paper Corp. says that one of the unions at its Crofton mill in BC has rejected a new contract that must be ratified as part of the company’s new refinancing plan to stay alive.