PepsiCo to slash 3,300 jobs as profit falls
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pepsi co to slash 3,300 jobs as profit fallsPosted by: kalex -
Nooyi chairman and chief executive officer of PepsiCo speaks on the ...Source: Reuters -
Nooyi, chairman and chief executive officer of PepsiCo, smiles on the ...Source: Reuters -
Nooyi, chairman and ceo of PepsiCo, speaks during a business meeting ...Source: Reuters
PepsiCo Inc., which has struggled with lagging sales of its soft drinks business in the US, announced plans to eliminate 3,300 positions globally, as it reported a 9.5% drop in third-quarter profit and offered a downbeat profit outlook amid a surging US dollar.
The second-largest US drink maker said on Tuesday it expects to generate a pretax savings of more than $1.2 billion over the next three years with $350 million to $400 million to be saved in 2009.
source- yahoonews
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