Pepsi Lays Off 4000 Employees

Merry Christmas from Barack Hussein Obama and Michael Bloomberg.

PepsiCo Inc. is considering to cut approximately 4,000 employees and reduce pension contributions in order to increase their income.

Citing a source, reported the New York Post, quoted by Reuters on Friday (06.01.2012), currently the company offers retirement plans and matching contributions to 401 thousand retirement savings account.

One of these large companies believe that by offering both of these is an act that is more generous.

Pepsi-party claims when 401 thousand by eliminating the retirement savings account that will save the company up to USD75 million. The layoffs, accounting for approximately one percent more than the payroll company, will include a small number of workers at its headquarters.