Related: Pepsi sued by FTC over controversial law infringement. These continuous concerning declines have caused PepsiCo to take extreme measures over the last few months to reduc
PepsiCo, Frito-Lay and Major Plant Closure
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PepsiCo laying off nearly 300 plant workers in Liberty, N.Y.
PepsiCo Announces Major Plant Closure, Layoffs
PepsiCo, a snack and beverage giant that owns 23 brands, announced that a Frito-Lay plant in Liberty, New York, will close at the end of spring, laying off nearly 300 people. Newsweek has reached out to the town of Liberty and PepsiCo for comment via email on Thursday.
US: Why PepsiCo Foods is laying off 288 workers, closing major plant
PepsiCo Foods USA, the parent company of Pepsi and Frito Lay, is set to lay off 288 employees and shut down a major production plant in Liberty, New York.The company attributes the closure to challenges in sustaining long-term operations due to the growth pace of its PopCorners product line and broader industry trends.
The Liberty, NY manufacturing facility has been a significant employer in the Hudson Valley region for almost three decades.
Shares of this beverage giant are down a bit from their all-time high, but that's more of an opportunity than a red flag.
Pepsi is set to add language to its website clarifying they will no longer factor representation metrics into their executive compensation packages.
Related: Pepsi sued by FTC over controversial law infringement These continuous concerning declines have caused PepsiCo to take extreme measures over the last few months to reduce costs and make ends meet.
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Pepsi drops DEI chief, representation goals — but not everyone is convincedPepsi announced it is ditching several DEI initiatives as the soda-maker joins the growing ranks of companies dropping the controversial initiatives.
Laguarta wrote that inclusion remains important to PepsiCo, whose brands include Gatorade, Lay's potato chips, Doritos, Mountain Dew as well as Pepsi.
Carbonated beverage behemoths Coca-Cola (KO) and PepsiCo (PEP) have been battling for worldwide soda supremacy for over a century. While much
PepsiCo and its Frito-Lay unit have been sued in U.S. court in California by convenience stores that claim they have been denied the same sales deals offered to major retailers such as Walmart and Albertsons,
PepsiCo and rival Coca-Cola are taking different paths on the issue of diversity. In a memo sent to employees and released Friday, PepsiCo CEO Ramon Laguarta said the company is rolling back some of its diversity,
PepsiCo is known for being the perennial runner-up in its battle with Coke over supremacy in the soda industry. But its diversification, delivered through its dozens of beverage, snack, and convenience food brands, means it doesn't need to dominate the soda market to generate stable growth.
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