PepsiCo's 'Productivity' Plan Will Further Reduce Employee Head Count

PepsiCo's bottling plant in Nikolaev, Ukraine. Photograph by Vincent Mundy/Bloomberg

PepsiCo’s productivity plan, first announced in 2012, will be extended another five years, from 2015 through 2019, the soft drinks and snacks company announced on Thursday. The plan will result in cost savings of $1 billion a year, PepsiCo says, with about 40 percent coming from labor cuts, Chief Financial Officer Hugh Johnston told Bloomberg TV.

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