The U.S. beverage giant Pepsico is cutting hundreds of administrative jobs in the U.S. in an increasingly difficult economic environment, according to a newspaper report. The beverage business in Purchase and the snacks and packaged foods business with headquarters in Chicago and Plano, Texas, will be affected, the Wall Street Journal reported Monday after the U.S. close, citing people familiar with the matter and company documents. The beverage business is likely to be hit harder, as jobs have already been cut in the other division through a voluntary retirement program, it said. As of the end of 2021, the group employed more than 300,000 people with the almost eponymous cold drink Pepsi and products such as Lay's chips and oatmeal from Quaker Oatswelt./mis (dpa)
PepsiCo To Double Reusable Packaging Options By 2030
PepsiCo, Inc. (PEP), a food and drink, said on Monday that it pans to double the percentage of all beverage servings it sells delivered through reusable models, from 10 percent to 20 percent by 2030. Reuse of the materials is also a critical factor to meet PepsiCo's targets to cut virgin p ... more
PepsiCo Appoints C.D. Glin As President of The PepsiCo Foundation
PepsiCo, Inc. (NASDAQ: PEP) today announced that C.D. Glin, currently serving as Vice President of the PepsiCo Foundation and Global Head of Philanthropy for PepsiCo, has been appointed to President of the PepsiCo Foundation. He will remain as Global Head of Philanthropy for PepsiCo and wil ... more
PepsiCo & Celsius Announce Long-Term Distribution Agreement and Investment
PepsiCo, Inc., (NASDAQ:PEP) and Celsius Holdings, Inc., (NASDAQ:CELH), maker of a leading global fitness energy drink, CELSIUS®, today announced a definitive agreement forging a long-term strategic distribution arrangement. The distribution agreement initially transitions Celsius' current U ... more
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