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Pepsi considers job cuts

Published by Steve Coleman on January 05, 2012

Soft drink maker Pepsi says it plans to cut 4,000 jobs and possibly decrease its pension contributions for everyone else to boost profits.

The bottling company says it's looking at laying off one per cent of its 300,000 employees worldwide as a money-saving measure.

According to a New York Post story, the company's Purchase, New York headquarters could also see "modest" job cuts to help boost the bottom line.

A possible decision to eliminate pension plan contributions to 401(k) retirement accounts in the US would save the company a projected $75 million.

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