The company said it expects to save $80 million to $100 million from the cuts, beginning next year.
Coca-Cola owns about 40 percent of Coke Enterprises.
The job cuts came as Atlanta-based Coke Enterprises reported second-quarter net income of $114 million, or 27 cents per share, down from $122 million, or 29 cents per share, during the same period last year. The results were 2 cents below the consensus forecast of analysts surveyed by Thomson Financial/First Call.
Shares of Coca-Cola Enterprises plunged more than 15 percent, or $2.68, to close at $15.05 Tuesday on the New York Stock Exchange. Shares of Coca-Cola, which plans to report its earnings Wednesday, rose 15 cents to $47.13. Coca-Cola Enterprises said weak pricing for Coke products contributed to its poor performance.
“Clearly, our year-to-date results are disappointing, and we are taking action to address the cost issues contributing to this performance,” chief executive Lowry F. Kline said. “These actions are essential and reflect the realities of the current marketplace.