Sources say the company is planning to streamline its selling, service organisation and supply chain infrastructure. This move will affect about 750 jobs. Plan to close down Mexico plants and distribution centre will cut more that 2,200 jobs there. Company also said that same plan will be followed in Europe which will cut about 200 jobs there.
PepsiCo is now expecting earnings per share of $2.20 to $2.26 for the full year against its previous view of $2.32 to $2.38 as a result of changes in foreign currency rates.