(AP) -- Two major drink makers in the U.S. are making news this week. Coke cut jobs, while Pepsi's new bottle was unveiled.
Coca-Cola says it's cutting 750 jobs in the U.S. as it continues to streamline its business. The world's biggest beverage maker says the jobs cuts will be across the board and that affected individuals will be notified in coming weeks. The cuts represent roughly 1 percent of the company's workforce of 75,000 in North America.
A spokesman says about a quarter of the cuts will be in Atlanta, where the company is based. In a memo to employees last month, Coca-Cola noted that it had identified "areas that must be improved" since buying the North American operations of its largest bottler in 2010. The memo also noted it was realigning its U.S. business into three geographies, down from seven, to reflect the successful structure in its food-service business.
Meanwhile, Pepsi is rolling out a new shape for its 20-ounce bottle for the first time in about 17 years.
The new bottle has a contoured bottom half that appears easier for holding, and the wraparound label is shorter so more of the drink is exposed. The change follows a number of splashy moves by PepsiCo Inc. to improve results for its namesake soda, including a multiyear deal to sponsor the Super Bowl halftime show and a wide-ranging deal with the pop star Beyonce.
The Purchase, N.Y., company has been working to revitalize Pepsi after losing market share to Coca-Cola Co. in recent years.
Andrea Foote, a PepsiCo spokeswoman, said the new 20-ounce bottle is part of the company's ongoing update of marketing and packaging materials for the cola.