The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing (10 - 11) Manufacture of food and beverage 11 - Manufacture of beverages 11 - Manufacture of beverages
8,700 jobs Number of planned job losses
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://apps.eurofound.europa.eu/restructuring-events/detail/73082.