Global beverage giant Coca-Cola has organised its worldwide operation under nine working units, under five categories, as part of its restructuring effort.

Currently, the company has 17 business units segregated under four geographical segments, plus global ventures and bottling investments.

The new category leads created by the company include the Coca-Cola brand, Sparkling Flavors, Hydration, Sports, Coffee and Tea, Nutrition, Juice, Milk and Plant and Emerging Categories.

With this move, the company aims to incorporate more consistency in the business structure, as well as scale new products more quickly.

Going forward, the nine new business units will be working with the newly created category leads to drive the company’s growth.

The structure will be boosted with the company’s newly created Platform Services organisation, which will provide global services and enhanced expertise across a range of critical capabilities.

Additionally, the company announced that it will be providing voluntary separation packages to approximately 4,000 employees working in the US, Canada and Puerto Rico.

It also intends to implement these packages in other countries, which would result in further job cuts.

These assurance packages could cost the company approximately $350m to $550m.

The Coca-Cola Company chairman and CEO James Quincey said: “We have been on a multi-year journey to transform our organisation.

“The changes in our operating model will shift our marketing to drive more growth and put execution closer to customers and consumers while prioritising a portfolio of strong brands and a disciplined innovation framework.

“As we implement these changes, we’re continuing to evolve our organisation, which will include significant changes in the structure of our workforce.”