PepsiCo cuts 8,700 jobs to boost market spending February 9, 2012 - 18:33 AMT PanARMENIAN.Net - PepsiCo is to cut 8,700 jobs, or 3 percent of its work force, the beverage and snack foods company announced on Thursday, February 9. The company, makers of brands such as Pepsi, Lipton, Doritos and Lay's, expects to save 1.5 billion dollars and channel some of the money into advertising. “2012 will be a year of transition, one in which we will make the right investments to position PepsiCo properly to achieve long-term high-single-digit core constant currency earnings per share growth,” Hugh Johnston, PepsiCo chief financial officer, said in a statement. Last year, PepsiCo profits rose 2 percent to around 6.4 billion dollars. The company saw a 15 percent increase in revenue to 66.5 billion dollars, M&C reported citing DPA.  Top stories Armenian delegation headed by Prime Minister Tigran Sargsyan will pay a two-day working visit to Ashgabat. Hrachya Berberyan: apricot harvest will make 25 and 10-12 thous. tons in Ararat and Armavir provinces respectively Any decisions were postponed until the end of next month after French and Greek parliamentary elections on June 17. Armenian Prime Minister met with the head of International Fund for Agricultural Development Programs in Armenia.   |  Latest news Over 100 trespassers detained in Armenia in January-May  Russian border guards seized 50 firearms, bladed weapons and 300 thous. rubles worth contraband in January-May.Conference participants at Institute of CIS States back Artsakh’s stance The NKR was represented at the round table by Advisers to Foreign Minister Ruben Zargarian and Arsen Melik-Shakhnazarian.Shoushi liberation anniversary celebrated in France Armenian ambassador to France Vigen Chitechyan answered Armenian foreign and domestic policy related questions.Armenian ambassador to China participates in ESCAP meeting Armen Sargsyan participated in meeting of UN Economic and Social Commission for Asia and the Pacific in Bangkok. |
