PepsiCo to cut 98 jobs at Maryland bottling plant

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โดย Just Drinks·US·Read original
Summary · why it matters

PepsiCo is cutting jobs at a US bottling plant, with 98 of the 143 workers at its Hyattsville, Maryland site set to lose their positions. CB Manufacturing, a PepsiCo subsidiary doing business as Pepsi Beverages, said in a WARN notice that it will lay off employees in its fleet, transport, manufacturing and production warehouse operations, as well as other salaried employees, at the facility. The company said its sales and delivery operations will continue without disruption, and it has a contract with Teamsters Local 639 that may provide affected employees with bidding rights for available positions. The neighbouring community of Cheverly said it was informed of the move on Tuesday when it took effect, with town administrator Dylan Galloway saying the workers are part of the community and pledging to connect affected workers with available resources. The lay-offs add to a series of changes PepsiCo has made to its US manufacturing network, including the planned permanent closure of its Rancho Cucamonga, California facility, the closure of a Frito-Lay plant in Orlando, Florida, and plans to shut a snacks plant in Liberty, New York that produces PopCorners and employs more than 200 people, as well as job cuts in Ireland in December and plans outlined in January to reduce its workforce in Spain, where around 400 jobs were reportedly at risk.

Impact on stocks 1

Consumer Staples · 1 stocks
PepsiCo Inc
PEP
▼ NegativeCapitalrelevance

PepsiCo is cutting 98 jobs at its Hyattsville, Maryland bottling plant as part of ongoing US manufacturing network reductions.

Off-coverage companies 1

CB Manufacturing Company, Inc.Private▼ Negative
Capitalrelevance

CB Manufacturing, a PepsiCo subsidiary doing business as Pepsi Beverages, issued the WARN notice for the 98 layoffs at the Hyattsville facility.