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No specific details on job cut; India biz fantastic: PepsiCo

Last Updated: Thursday, February 09, 2012, 22:30

Global food and beverages major PepsiCo, which on Thursday announced 8,700 job cuts worldwide, did not provide country specific details - including impact on employees in India - but said its business was "fantastic" in the country.

PepsiCo to cut 8,700 jobs globally, eyes $1.5bn saving by 2014

Last Updated: Thursday, February 09, 2012, 21:56

Global food and beverages giant PepsiCo will cut 8,700 jobs across 30 countries as part of a programme to save up to USD 1.5 billion by 2014 to offset high commodity costs and increased spending on advertising and marketing.