PepsiCo Inc.'s transfer of Tropicana's headquarters will result in job losses, the company announced yesterday. Although Tropicana's site in Bradenton, Florida will remain open, around 300 local jobs will be lost in the move to Chicago as part of a restructuring.

Of the 300 jobs to go, 100 will make the move to Chicago with the headquarters unit, while 200 will lose their jobs. Those leaving the company altogether will receive severance packages in line with their years of service. The 1,900 employees in Tropicana's manufacturing and distribution facilities will remain in Bradenton, along with a reduced management to supervise operations.

The headquarters move will bring the senior management of Tropicana, Dole and Twister brands together in the same building in Chicago.

The company said that most jobs will conclude in February next year.