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Full Version: Pepsico to cut 8,700 jobs
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http://finance.yahoo.com/news/pepsico-cu...15409.html

NEW YORK (AP) -- PepsiCo is trying to put some fizz back into its business. The food and drinks maker announced a restructuring on Thursday that includes cutting 8,700 jobs globally and plowing money into advertising drinks like Pepsi and Mountain Dew in North America.

Pepsi announced its cost-cutting plan Thursday as it reported better-than-expected fourth-quarter profit, but also forecast a decline in adjusted 2012 earnings. On the mixed news, the company's shares fell nearly 4 percent.

In a media briefing, CEO Indra Nooyi said 2012 will be a "transitional year" as economic uncertainty persists.

"When the only certainty is uncertainty the whole guidance thing becomes a challenge," she said. "Anything you do in short term just to meet short term guidance would be detrimental to the company in the long term."
Maybe they can hire Von Helton to promote Mountain dew!
Including the packaging, it costs about 0.10 cents to manufacture 1 can of soda. Pepsi and Coke make a tremendous fortune already, but it's not enough so they're going to layoff 8500 people... that way upper management can all get their bonuses and raises.

Pure ***** greed!
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