PepsiCo is closing 4 bottling plants and cutting nearly 400 jobs as it streamlines operations

PepsiCo said Wednesday it plans to adjacent 4 U.S. bottling plants and laic disconnected astir 400 workers arsenic portion of its efforts to streamline its operations.

The institution said nan closures will effect 136 workers successful Cincinnati; 131 successful Chicago; 127 successful Harrisburg, Pennsylvania; and less than 50 successful Atlanta.

The Chicago works is nan only 1 that will afloat close. PepsiCo confirmed that closure earlier this week. The institution said sales, transportation and storage functions will proceed astatine nan different 3 locations.

Earlier this month, PepsiCo lowered its income forecast for nan twelvemonth arsenic consumers successful nan U.S., China and elsewhere pulled backmost connected buying its drinks and snacks aft years of value hikes. PepsiCo's North American beverage income fell 3% successful some nan 2nd and 3rd quarters of this year.

PepsiCo's nett income fell 5% to $2.9 cardinal successful nan July-September period. The institution has many times said it is sharply focused connected ratio and productivity gains.

PepsiCo, which is based successful Purchase, New York, said affected labor will beryllium paid and person benefits for 60 days moreover though astir will not beryllium required to activity during that time.