Jobs in Atlanta Cut with Pepsi
Wednesday, November 19th, 2008Pepsi Bottling Group Inc. recently announced it will cut some jobs in Atlanta.
The world’s second-largest soft-drink distributor recently announced the job cuts after its 2008 earnings forecast lowered. The job cuts overall will amount to an elimination of about 4.6 percent of the company’s workforce in North America, Europe and Mexico.
Pepsi Bottling, which is 33 percent-owned by PepsiCo Inc., will cut a total of 3,150 jobs. According to an article by Bloomberg, most of the jobs to be cut are located in Mexico. Earnings per share will be $2.20 to $2.26 this year, down from the $2.32 to $2.38 Pepsi Bottling forecast in June.
