Thursday, February 9, 2012

Pepsico job cuts

  • Feb. 9 (Bloomberg) -- PepsiCo Inc. plans to cut 8,700 jobs and boost marketing spending for its brands by as much as $600 million as Chief Executive Officer Indra Nooyi works to turn around the world's largest snack-food maker.
  • (Businessweek)
  • PURCHASE, N.Y. | PepsiCo plans to cut 8,700 jobs, or about 3 percent of its workforce, as it seeks to offset high commodity costs and increases investment in advertising and marketing in North America.
  • (The Ledger)
  • PepsiCo plans to cut 8,700 jobs in a restructuring as it seeks to offset high commodity costs and increases investment in advertising and marketing in North America.
  • (Herald Tribune)
  • Feb 09, 2012 (News corner via COMTEX News Network) -- 2-9-12-Pepsico (NYSE:PEP) reported Q4 EPS of $1.15, vs. estimates of $1.12. Revenues in the quarter came in at $20.2 billion, vs. estimates of $20.01 billion.
  • (comcast.net)
  • (AP) — PepsiCo plans to cut 8,700 jobs in a restructuring as it seeks to offset high commodity costs and increases investment in advertising and marketing in North America.
  • (Crain's Chicago Business)
  • As part of the split, Kraft has said it will cut 1,600 jobs in the U.S. and Canada. The company confirmed earlier this month that Mark Stewart, VP-global media at Kraft Foods, would be leaving as part of the restructuring.
  • (Advertising Age)
  • PepsiCo Inc slipped 1.9 percent to $65.50 premarket after the beverage maker posted higher quarterly profit, said it will cut 8,700 jobs and spend $500 million to $600 million to boost sales in North America.
  • (Reuters UK)
  • PepsiCos fourth-quarter profit and revenue rose, topping expectations, but shares fell as the company also announced 8,700 job cuts as part of a cost-cutting measure to increase investments in advertising and marketing.
  • (click orlando)
  • For the past few years, particularly once Muhtar Kent ascended to the CEO job, Coca-Cola has had the so we can all go back to enjoying the cut-and-thrust of two respected, credible rivals.
  • (The Beverage Network)
  • (AP) — Drugmaker Biogen Idecs fourth-quarter profit grew 25 percent on cost savings from job cuts and increasing sales of its multiple The TJX Companies Inc. announced Tuesday that it has elected a PepsiCo executive to its board of directors.
  • (NECN)

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