PepsiCo restructuring will cut 8,700 jobs

PepsiCo is trying to put some fizz back into its business. The food and drinks maker announced a restructuring on Thursday that includes cutting 8,700 jobs globally and plowing money into advertising drinks like Pepsi and Mountain Dew in North America.

THE NEWS TRIBUNE

Published: 02/10/12 12:05 am

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PepsiCo is trying to put some fizz back into its business. The food and drinks maker announced a restructuring on Thursday that includes cutting 8,700 jobs globally and plowing money into advertising drinks like Pepsi and Mountain Dew in North America.

Pepsi announced its cost-cutting plan Thursday as it reported better-than-expected fourth-quarter profit, but also forecast a decline in adjusted 2012 earnings. On the mixed news, the company’s shares fell nearly 4 percent.

CEO Indra Nooyi said 2012 will be a “transitional year” as economic uncertainty persists.

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New high-speed chair lift will open at Bogus Basin Saturday

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The new Superior chairlift will carry skiers up the mountain in about 4.5 minutes -- about half the time it used to take, according to officials at Bogus Basin Mountain Recreation Area. The new chairlift was a $5 million investment for the ski area.

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