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A sculpture called 'Three People on Four Benches' sits in front of Pepsico's world headquarters
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Pink slip mayhem continues

November 20, 2008

The global economy is in the doldrums. Nations are battling a nightmare called recession. Balance sheets are studied with a frenzy and companies are struggling to stay in the black. Yet, the saddest story of the financial meltdown is the common man. In less than 20 days this month, 30 well-known international companies have announced job cuts.

Pepsi Bottling Group: 3,150 jobs

Soft drink distributor Pepsi Bottling Group Inc is planning to slash about 3,150 jobs across US, Canada Europe and Mexico as part of its restructuring plan.

This is expected to result in pre-tax savings of up to $160 million.

"These moves will allow our business to better deal with the challenging macroeconomic conditions that currently exist," Pepsi Bottling Group's chairman and chief executive officer Eric Foss said.

Image: A sculpture called 'Three People on Four Benches' by George Segal sits in front of Pepsico's world headquarters. | Photo credit: Don Emmert/AFP/Getty Images

Also read: Meltdown: Thousands of jobs to go globally!

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