Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Sector
Manufacturing
Manufacture Of Food And Beverage
Manufacture Of Beverages
11 - Manufacture of beverages

8,700 jobs
Number of planned job losses
Job loss
Announcement Date
9 February 2012
Employment effect (start)
9 February 2012
Foreseen end date
31 December 2014

Description

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

  • 9 February 2012: Pepsico - company press release
  • 9 February 2012: The Financial Times

Citation

Eurofound (2012), Pepsico, Internal restructuring in World, factsheet number 73082, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73082.