View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
November 17, 2022

PepsiCo ‘to hold staff talks over Spain review’

Media reports suggest 550 jobs could be cut in the review.

By Jessica Broadbent

PepsiCo is reportedly set to hold talks with staff representatives in Spain over possible changes to its operations in the country.

Free Whitepaper
img

Packaging for the future: embracing circularity and reducing costs

Sustainable and recyclable packaging is more in demand than ever, yet the packaging industry is at a crossroads.

While the traditional practices and old ways of doing business are well-established and understood, avoiding the circular economy is not a viable plan for the long term.

However, this circular shift doesn’t have to be a radical overhaul overnight. A combination of small changes can make a big difference. And these changes can result in cost savings.

Siegwerk is an internationally recognised provider of sustainable coatings and inks for the packaging industry. The company has embraced the circular economy and is setting many standards in sustainability in packaging products while working with major brands.

To learn more about the work of Siegwerk in the circular economy, download this document.

by Siegwerk
Enter your details here to receive your free Whitepaper.

Local media reports say Spanish trade union CCOO has told employees the review could lead to up to 550 jobs being lost across the business.

The manufacturing giant could be looking to reduce its portfolio in Spain by up to 30% as part of the review, the union said, according to the reports.

It comes after reports last month PepsiCo plans to cut dozens of jobs in Belgium. Some 49 staff could lose their positions, a report suggested, out of a total of around 950 staff in the country. L’Avenir newspaper said the axe would fall on distribution and administration.

PepsiCo is reportedly planning to begin an expediente de regulación de trabajo (ERE) – a permanent dismissal process where employees or representative bodies can negotiate compensation – in Spain in order to streamline operations, centralise certain functions and digitalise some processes.

The food-and-beverage group has approximately 2,600 employees in Spain across three production plants, three logistics centers and more than 80 distribution centers. It has offices in Barcelona, ​​Madrid and Vitoria.

A spokesperson told Spanish business newspaper Cinco Días it does not plan to close any of its factories or offices.

Between 530 and 550 staff could be affected, mainly in the business’ sales division, Cinco Días reported.

The news of potential job losses follows a positive outlook from the company in its third-quarter results last month.

The Lay’s owner raised its forecasts for key annual sales and earnings metrics despite fears over the impact of inflation on consumer purchasing habits. It forecasted a 12% rise in group revenue on an organic basis, up from previous guidance of 10%.

In the third quarter to 3 September, net revenue across PepsiCo’s Europe operations was US$3.65bn, up from $3.61bn in the corresponding period a year earlier. Organic revenue was up 15% in Europe.

However, Europe’s volumes were the lowest across the board, with food volumes dropping 5% and beverages down 8%.

PepsiCo did not respond to requests for comment on the ERE and potential job losses when approached by Just Drinks.

Related Companies

Free Whitepaper
img

Packaging for the future: embracing circularity and reducing costs

Sustainable and recyclable packaging is more in demand than ever, yet the packaging industry is at a crossroads.

While the traditional practices and old ways of doing business are well-established and understood, avoiding the circular economy is not a viable plan for the long term.

However, this circular shift doesn’t have to be a radical overhaul overnight. A combination of small changes can make a big difference. And these changes can result in cost savings.

Siegwerk is an internationally recognised provider of sustainable coatings and inks for the packaging industry. The company has embraced the circular economy and is setting many standards in sustainability in packaging products while working with major brands.

To learn more about the work of Siegwerk in the circular economy, download this document.

by Siegwerk
Enter your details here to receive your free Whitepaper.

Topics in this article:
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Monday. The industry's most comprehensive news and information delivered every quarter
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Drinks