PepsiCo said nan closure of nan Orlando installation was "driven by business needs".
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PepsiCo has confirmed it plans to adjacent its Frito-Lay works successful Orlando, nan latest successful a number of different installation closures announced by nan US snacks and drinks giant.
In a connection provided to Just Food, PepsiCo said: “PepsiCo Foods US announced nan shutdown of manufacturing and storage operations astatine our Orlando plant.
“This action was driven by business needs and we are committed to treating each impacted worker pinch attraction – providing modulation assistance, profession support, and salary and benefits during this time.”
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PepsiCo did not explain nan number of jobs that will beryllium astatine consequence from nan Orlando closure. However, according to a WARN announcement from nan Florida Department of Commerce, cited by a big of section media reports, 454 unit astatine nan installation will beryllium impacted.
Another 46 group will beryllium laid disconnected astatine a adjacent agency of PepsiCo.
Orlando News reported that nan manufacturing tract is owed to adjacent by May adjacent year.
“This was a difficult determination arsenic we cognize really overmuch this tract and its group mean to nan Orlando community,” PepsiCo added successful nan statement.
Earlier this year, PepsiCo said it was closing its Frito-Lay Rancho Cucamonga processing plant successful confederate California aft 5 decades of operations, without clarifying nan number of occupation losses.
In February, it besides revealed nan closure of a snacks plant successful New York manufacturing nan PopCorners brand, pinch 200 labor to suffer their jobs.
And past year, PepsiCo said its Frito-Lay factory successful Middletown, New York State was shuttered for “economic reasons”.
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Meanwhile, PepsiCo CEO Ramon Laguarta has precocious insisted nan US elephantine is moving pinch “a consciousness of urgency” connected reshaping its portfolio and reducing costs, amid scrutiny from activistic investor Elliott Investment Management.
In September, Elliott called connected PepsiCo to review nan make-up of its businesses successful North America aft a play of “poor financial results”.
At nan time, Eliott, which manages costs pinch a $4bn liking successful PepsiCo, said nan institution was astatine “a captious inflection point”.
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