PepsiCo closes Tennessee bottling plant amid sluggish carbonated beverage performance
PEP PepsiCo Inc
$138.83 +3.07%
View chart & analysis → - 1PepsiCo is closing its bottling plant in Knoxville, Tennessee, and laying off 112 workers.
- 2Employees at the plant will receive pay through January 1.
- 3CEO Ramon Laguarta said the company does not feel good about its carbonated beverage performance.
So what's the key point?
PepsiCo is closing a plant in Tennessee and laying off 112 people because carbonated beverage sales are not doing well. This means the company views its beverage business performance as poor.
Source Food Dive +1 · View original ↗
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