Pepsi Slashes 8700 Jobs While Raking in Record Profits

[marmar]

Pepsi Slashes 8700 Jobs While Raking in Record Profits


Pepsi is about to put 8,700 of its worldwide employees out of work. This might make you think the company is in trouble.

Let’s have some fun with the numbers reported by Reuters in today’s New York Times.

Pepsi reports increases in:

* Annual dividends: 4%
* Expenditures on advertising: an additional $500 million
* Expenditures on display racks: an additional $100 million
* Fourth quarter profits: from $1.37 billion a year ago to $1.42 billion
* Earnings per share: from 85 cents a year ago to 89 cents
* Revenues: up 11% to $20.2 billion

Let’s get the logic straight here:

* PepsiCo made $1.42 billion in profits last quarter.
* The company’s revenues, profits, and returns to investors are increasing.
* QED: it is adding 8,700 out-of-work people to an already depressed job economy.

...............(more)

The complete piece is at: http://www.alternet.org/newsandviews/article/788880/pepsi_slashes_8700_jobs_while_raking_in_record_profits/

[bluerum]

1. 8700 fewer people to buy their poison.

[libtodeath]

2. We need

legislation that says if you lay people off without showing financial troubles you will pay a tax for 3 times the total wages and compensation paid was.

[Snake Alchemist]

3. On worldwide employees? nt

[libtodeath]

5. If they are

based here in this country and sucking up our dollars then you betcha.
Do other citizens of the world count as lesser beings then americans?
We need to be an example when we can control the actions of these corporate monstrosities.

[Snake Alchemist]

7. So if sales in the the US are fine, but Paraguay's are negative then maintain course? nt

[libtodeath]

8. I said

if they can`t show financial troubles.
If they are losing money at one plant that is a reason,if they are simply closing a profitable one so as to move to an even more exploitive and more profitable one then that is what I am talking about.

[Dreamer Tatum]

9. Hahahaha.

One set of financial troubles, coming right up.

[Kingofalldems]

4. Romney-nomics

[dynasaw]

12. The LDS own large shares

of Pepsisco.

[Bad_Ronald]

6. Typical

It would've been nice if they reduced the number of carcinogens & genital-eroding chemicals in that swill they sell instead, but what the hey, you gotta increase the bottom line, right? Anything else would be Un-American/Communistic/Maoist/Stalinist etc, etc, etc.

[Quantess]

11. Genital eroding chemicals?

I had no idea! I don't think you're supposed to bathe your penis in pepsi.

But, there was an urban legend that after unprotected sex you should douche with coca-cola or pepsi.

[Initech]

10. More for them, less for us. The system works.