EMCC European Monitoring Centre on Change

Pepsico

Company/Organisation:
Pepsico

Geographic Location

Country: World

Company

Sector: Manufacturing
Manufacture of food products, beverages and tobacco products
11 - Manufacture of beverages
Number Employed: 285000

Employment Effects

Announcement Date: 09-02-2012
Planned Job Reductions min: 8700
Planned Job Reductions max: 8700
Type of Restructuring: Internal restructuring
Employment Effect Start: 09-02-2012
Foreseen End Date: 31-12-2014

Additional Information

Pepsico, American multinational manufacturer and distributer of food and beverages, announced the loss of 8,700 jobs worldwide. This number accounts for close to 3 percent of the global workforce of the drinks and snacks company.

The job loss will affect 30 countries worldwide. However, Pepsico did not yet detail which plants or countries will be affected.

Sources:

09-02-2012Pepsico - company press release
09-02-2012The Financial Times

Sources Links:

http://www.ft.com/intl/cms/s/0/820fdaa4-531d-11e1-8aa1-00144feabdc0.html#axzz1mMSKxVEg http://www.pepsico.com/Download/2012_Outlook_Release.pdf