3300 worldwide Layoffs in Pepsi; Pepsi China claims the company will not be affected by this
Pepsi recently released third-quarter report showed corporate profits fell 10% approximately, so Pepsi Cola will lay off 3300 employees. Yesterday (Oct.16) Pepsi China principal expressed that Pepsi China would not be affected the layoff planning; contrarily, the company would announce the expansion plan of the business.
Pepsi Cola decreased 9% profit while Coca-Cola increased 14% profit
The third-quarter net profit growth of Coca Cola reached 14% with 1890 million USD, while Pepsi Cola reduced 9% with 1580 million USD.
Fuzhou Pepsi-Cola shareholder wants to sell its shares
Fuzhou Pepsi-Cola Beverage Co. Ltd shareholder, China City Limited, wants to transfer 64.1% shares, which is learned from the Fujian Property Rights Exchange by reporter yesterday.
Pepsi Cola disguised to eat off Tianfu, Tianfu Cola hopes to recover their Brand
Yesterday, reporter learned from the informed people that Tianfu Cola Company wanted to send letter to Chongqing Pepsi and hoped them to return Tianfu Cola brand to Tianfu Cola Company. If the talks fail, Tianfu Cola will take legal action to pick back the Tianfu Cola brand.
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The world largest toy ODM—two factories under the flag of SMART UNION GROUP (HOLDINGS) LIMITED had been closed down. 6500 employees are facing the unemployment! This is the largest bankruptcy case in China because of the financial crisis.
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Serious Financial Crisis makes possible Negative Growth in the Chinese Automobile Market next year
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Do not have Pessimistic Attitude on Chinese Macroeconomic Trends
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China is researching and preparing to introduce measures on downward economy in China
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Ford Layoffs
Ford Australian Company announced that the company would further lay off 450 employees to cope with the declining sales and a global economic crisis, which would be carried out in Production Department and Office Staff. It is estimated that Ford has dismissed 1,400 employees in the past 15 months.
Google Layoffs:
President of advertising sales in (Google) North America Tim Armstrong recently hints that if Google revenue continues to decline in the future, we can not exclude the possibility of taking layoff measures. There is no specific number for layoffs, but it paves the way for future layoffs from his tone.
UK Layoffs (British Ministry of Justice)
British Ministry of Justice: As the economic downturn and budget reduction, the United Kingdom Ministry of Justice plans to lay off nearly 10,000 people so as to save 900 million pounds for Ministry of Justice annually, which will cut down 10 thousand positions and is equivalent to one-tenth of the total number of employees. (Not including the companies)
Song Ericsson Layoffs:
Due to difficult market conditions and slowdown global economic growth, Sony Ericsson announced the second quarter financial report on fiscal year. After the fiscal reports, Sony Ericsson announced that the company would lay off 2,000 employees within a year in global. Sony Ericsson now has 120 thousand employees.
Hewlett-Packard Layoffs (HP Layoffs)
The pressure of cost and financial crisis has forced Hewlett-Packard to start the third large-scale layoffs. In the next two years, Hewlett-Packard decides to lay off 24.6 thousand employees within the global scale, which is approximately 8% of the total number of employees.
Centaline Property Layoffs:
Centaline Property in November will close 5 non-profit branches and close 10 branches at the end of this year so the company will lay off nearly 20% of the employees.
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