NETWORK18

News Videos Blogs

BOTTLENECKS: Pepsi would streamline its selling and service organization and supply chain infrastructure.

BOTTLENECKS: Pepsi would streamline its selling and service organization and supply chain infrastructure.

Pepsi Bottling Group Inc to cut over 3,000 jobs

The Pepsi Bottling Group Inc announced restructuring plans on Tuesday that would eliminate some 3,150 jobs and cut its forecast for full-year earnings due to weaker foreign currencies. It said its multiyear restructuring plan should yield $150 million to $160 million in annualized pretax savings when completed, starting with savings of about $70 million in 2009.

About Us | Disclaimer | Careers @ IBN | RSS | Podcast | Contact Us | Feedback | Advertise With Us

© 2008 IBNLive.com India. All Rights Reserved. A Web18 Venture