Food giant cutting costs
Tuesday, Dec. 2, 2003 | 9:25 a.m.
PURCHASE, N.Y. -- PepsiCo Inc., the world's second-largest soft-drink maker, today said it will fire 750 workers and close a Frito-Lay snacks plant in Kentucky to lower costs in North America.
The firings will reduce earnings by 6 cents a share in the fourth quarter, PepsiCo, which has about 142,000 workers, said in a statement. Including the costs, earnings per share will be $2 to $2.01 for this year, PepsiCo said.
The company also said it will begin treating stock options as an expense this quarter, which will reduce annual earnings by 20 cents a share. More compensation will be shifted to stock, PepsiCo said.
archive
- Most Read
- Discussed
- Most E-mailed
- Wonder drug for men no success story
- CityCenter: One man’s concept of a real city
- Man, 18, arrested for DUI in crash that kills woman, 24
- Notebook: UNLV prospect Polee likes what he sees, and hears, at the Mack
- Bellfield tolls again for UNLV in 76-71 win over Louisville
- Man fatally shot during robbery attempt of woman
- Pitino doesn’t consider loss to UNLV a total loss
- The ball’s in Reid’s court: Passing the public option
- Palin has a way of bringing out the anger in people
- Del Sol rallies without top rusher to win Sunrise title
Blogs
Elsewhere
LV woman robs Kentucky strip club, police say (1 Comment)
Las Vegas Sands' Hong Kong IPO flops
The Kats Report
Monday List: Top 13 Moments and Observations From Thanksgiving Weekend (2 Comments)
Politics: Ralston's Flash
Tarkanian: Reid is liberal, out of touch, rude, poisonously partisan and a know-it-all (2 Comments)
The Kats Report
Barry Manilow off to Paris: Two-year deal starts March 5 at Le Theatre des Arts (3 Comments)
Politics: Ralston's Flash
Ensign survives radio interview with no follow-ups; partial transcript below (3 Comments)
Now and Then
Battle of I-74 settled 1,700 miles from home
Calendar »
- 30 Mon
- 1 Tue
- 2 Wed
- 3 Thu
- 4 Fri
-
DJ showdown at Prive
Prive | 10 p.m. to 11:59 p.m.
-
Rok Box with Mike Carbonell at Tabu
Tabú Ultralounge | 10 p.m. to 11:59 p.m.
-
DJ Riz at Jet
Jet | 10 p.m. to 11:59 p.m.
-
Football specials at Diablo's
Diablos Cantina
The Sun
Locally owned and independent for more than 50 years.
Technorati









