Welcome to Obamaville: Pepsi looking to layoff 4,000 workers

obamarxist Yesterday it was Boeing announcing big layoffs (after the election). Let us not forget that Pepsi may be on the verge of laying off 4,000 workers.

In an effort to boost its bottom line, PepsiCo (PEP) management is reportedly contemplating laying off about 4,000 workers and putting a stop to its 401(k) match.
By eliminating its relatively generous 401(k) match, the food and beverage company would save $75 million immediately, the paper reported. PepsiCo could cut the match for employees who are senior enough to be eligible for the pension.

No TweetBacks yet. (Be the first to Tweet this post)

November 8, 2012 · Filed Under 2012 Elections, economy


Comments

  • http://www.preciseNews.us/ Steven_W

    Groupon just announced more layoffs, too – looks bad ahead across all sectors.

  • http://www.facebook.com/profile.php?id=688262616 Doug Payton

    The date on the story is January, 2012, FYI.

  • renpet8

    FYI Obama was president in Jan. 2012 too!!!

  • http://www.facebook.com/profile.php?id=1208142433 Helena Jewell Zielinski

    FYI, your source link is from January 2012. While the layoffs may be due to Obama’s lack of easing the recession, it was announced 11 months ago, NOT yesterday.

  • JD

    This is wrong. PepsiCo already doesn’t match 401(k) contributions for workers eligible for the defined benefit plan (pension). The match wasn’t relatively generous, either. It was $.50 on the dollar up to 2%, which is actually quite meager comparatively.

    • toldyaso

      completely besides the point. The lay off is real and what does a meager .50 on the dollar matter when there is no dollar coming in? don’t argue mole hills and miss the mountain ahead.

    • http://www.facebook.com/jim.lawrencejr Jim Lawrence Jr

      You mean they matched 50% of what you put in? Isn’t that matching?

      • id2nv2nj2ca

        It means they matched half of what was put in, which is better than nothing at all.

    • id2nv2nj2ca

      You’re a glass half empty type, aren’t you? .50 on the dollar is a heck of a lot better than .00 on the dollar, don’t ya think?

  • http://www.facebook.com/people/Stevee-Groff/100000350799711 Stevee Groff

    Don’t tell me this:( My husband literally just got hired with them a week ago.We live in upstate NY,he is a driver for them.

    • Julian

      Sorry to hear that. Did you vote for Romney?

    • whyIoughta

      Did you vote for Romney…in NY?

      • lschulz101

        I sure did, and I live in NY….liberals will be the continuing slaughter of this country. I have refrained from name calling throught and after the election because I beleive people should be entitled to their opinions without backlash…HOWEVER , I can’t take much more ignorance, hypocrisy, or plain stupidity…YOU DEM/LIBS ARE A BUNCH OF AHOLES who are economically illiterate and wanting to help people off the back of others, but no your own I am so sick and tired of hearing it’s Bush’s fault, it’s your mommy’s fault…blah blah blah…when the final thrust of the axe hits you wll all reap what you sow…this country is headed for civil war, the only way to get this government back is to for all state seceed. Pray to god your 2nd ammendment rights are not stripped by then and their’s drones visibily flying over your head at which time you will you hear, “:All Aboard” time to take a ride on the crazy train…and they cart your ass off because they consider you a nuisance or worthless to society whereby you can live a “sustainable” life.

        • lschulz101

          typos, I know……I am at my breaking point, and my mind was racing faster than my fingers. Denial and ignorance is bliss, enjoy while you can.

  • steve

    Good!! I Hope those that work for Pepsi that voted for him. Reap their harvest.. I CAN’T WAIT FOR GM TO START LAYOFFS!!

    • sacj7

      I did NOT vote for President Obama, nor do I support his policies. However, he IS the President of these United States, and I can only hope that he will seek God’s wisdom in leading this country.

      I can’t imagine anyone wanting for someone to lose their job (in reference to you “CAN’T WAIT FOR GM TO START LAYOFFS”!!

      The person losing their job could be you, me, another loved one, etc.

      • http://twitter.com/woodmann6 bernie dreier

        remember people as a whole don’t learn untill their get hurt or harmed

        • sacj7

          Thank you for your reply! Have a blessed day!

          Subject: [fireandreamitchell] Re: Welcome to Obamaville: Pepsi looking to layoff 4, 000 workers

    • http://twitter.com/EvaDGiGi Eva D Gigi

      Good thing the election was Coke Vs. Pepsi. As usual in Fascist Amerika

    • Jake

      If you hate America so much, get out! We don’t want un American people like you in our country.

  • fergirl

    Pepsi does match. My other half works for Pepsi for the last 8 years, smart guy .

  • Jason

    This is old information and has already been carried out in Feb 2012. This is not current information as of November 2012.

    • http://www.facebook.com/people/Michael-Frye/100001595754491 Michael Frye

      Still gonna happen under the watch of Fearless Leader – just the tip of the iceberg…

      • Leo

        Close, that should be Feckless Leader.

  • http://www.facebook.com/kaye.watson.33 Kaye Watson

    Ah, yes, the Dems should be so PROUD of their Muslim Prez who cares little or nothing about the country! Chevy is already 70% made in China, what’s 30% more?

    • Brian

      Yes, please show your ignorance by continuing to claim Obama is Muslim. Even if he was, why does that matter?

      • id2nv2nj2ca

        Really? Why does it matter? Really, you asked that “out loud”?

  • deb54

    And it begins! They should go through the parking lots first and lay off ALL Obama stickered cars!

  • Brian

    They are laying off works to BOOST PROFITS. Not because they are no longer profitable. It’s greed, pure in simple.

    • Mxkid

      Really?? Greed you say? You liberals have this ignorant mindset that you can force more taxes, more regulations, more mandates, more costs on companies and still be able to do business without having to cut back on anything. Liberals are pure economic illiterates. You liberals tax businesses right out existence and then blame the companies for it, that’s called schizophrenia and you libs are eat up with it.

      • id2nv2nj2ca

        Yep, what you said!!! Thank you.

      • drunkspazz

        Don’t you realize that sitting there in your little conservative treefort cocoon, pointing fingers at “liberals” and “liberal media” and economic “illiterates” will get you exactly nowhere? Take your anger to the streets and actually do something tangible for once – like volunteering as a tutor, or helping out at a retirement home. Mentor a kid. All your negative energy is what is wrong with your party. You ain’t gettin’ nowhere with that crap – nobody except for your cronies are listening. Get a life.

  • leodaniels

    Obama had a meeting with Union leaders and asked them to wait until AFTER the election to do any layoffs. Go figure.

  • leftdog

    this site, with it’s ‘over the top’ nonsense is part of the reason that the Republicans LOST the presidency. Reasonable people don’t see the logic of putting Prez Obama’s image in the pic above with former communist leaders. This is SO over the top, that most Americans got off their butts and went out to ENSURE the candidate you idiots want was soundly defeated. You did this to yourselves. Temper and moderate your bat#hit crazy hollering. Have a nice day,

  • fracjackmac

    GroupOn is a company w/ a bad business plan and anyone watching that company would know that they were going down sooner or later. They were hoping that someone would buy/rescue them, but no such deal has appeared.

  • fracjackmac

    The PepsiCo story is OLD news reported back in June. If they haven’t pulled the trigger on it yet, unlikely they will…

  • drunkspazz

    If you would have listened to the mainstream media polling and projections and as a result had a better ground game, you wouldn’t be lamenting the slow demise of your sacrosanct political party right now.

  • http://twitter.com/internetcareer Rick James

    it’s George Bush’s fault!

  • http://www.facebook.com/profile.php?id=100001636800284 Dennis Vest

    Four years from now the GOP nominee can blame everything on Obama, as he did Bush. Payback is hell!

  • Mitts magic underwear

    This is totally false. Pepsi stopped matching 401k’s back in 2008. The layoffs were completed in 2011, nice try racistpublicans. Thank god America finally turned the corner. You’re way of thinking has been rejected and the party as it is today will never win another major election.

    • http://www.facebook.com/Mhof1984 Matthew Hofstetter

      You are wrong. Pepsi stopped the pension plans in 08 and still matches 401ks- I worked for them up until this August.

  • Kelvin

    Idiots if you looked in the market coke is kicking Pepsi ass. Cutting production has nothing to do with whos in office……… Pepsi just lost most of its fastfood contracts but kfc taco bell and arbys.make your excusses but Republicans caused this and blame Obama like he ran the us into crisis.

  • J Moss

    I work for Pepsi, didn’t vote for Obama and expect most companies to lay off many people in order to remain competitive. However, the layoffs will continue the downward spiraling economy. The layoffs are of no surprise to anyone that knows anything about economics. You have to think outside of the box… I believe they know the damage that will be done and that is their intent. Outcome, more Govt dependency. This will create more dependents and in the future they secure their votes. You have to be a fool not to see this, but apparently half of us are fools. The America that you grew up in… is gone.

  • http://twitter.com/Jimathee Jim Wentzel

    The Feb 2012 layoffs consisted of 8000, not 4000 – worldwide. I have not heard of another layoff, but, given the economic conditions worldwide, I suspect there may be some validity to this. Not necessarily related to the election.

  • http://twitter.com/psychorationale Robert Buckles

    President Obama is not the President of everyone just 60 million of us the other 58 million who voted will never accept his leadership or lack there of….this division is of his making ,I agree that those who supported him deserve what ever they get or do not get from letting him have 4 more years in office. I am just one of many who believe that secession from this government is the only viable alternative left us….

  • http://www.facebook.com/people/Angus-Scrimm/100000130793679 Angus Scrimm

    That’s what they get for changing their logo to resemble Obama’s. Burn baby burn. You asked for it.

  • http://www.facebook.com/MartyTheAce Martin Lewis

    If GM workers get laid off how will they find another job where they can make 100G/yr smoke pot and drink Malt Liquor on their lunch break!

  • Abby29

    This article is factually inaccurate. These layoffs were already made at the beginning of 2012 and had nothing to do with Obama. Look at the actual article – it was written in 1/12. My husband works for Pepsi and was involved with the layoffs. Blatant factual inaccuracies like this are the reason why the electorate doesn’t trust the GOP.

  • http://www.facebook.com/people/Jim-McBride/100000259123745 Jim McBride

    Standard Oil and the Telephone company were broken up because of the monopoly laws – how about they cut the damn unions down to size for what they have done to American business – at least those that are left and haven’t been ruined already.