Choice (Cuts) of a New Generation

Pepsi mulls 4,000 job cuts: report - Yahoo! Finance: "PepsiCo Inc (NYSE:PEP - News) is considering cutting about 4,000 jobs and reducing pension contributions in order to boost its earnings, the New York Post said, citing sources close to the situation.
Pepsi currently offers a pension plan and a scheme where it matches contributions to 401(k) retirement savings accounts, and believes offering both is more generous than its peers, a source told the Post.
Eliminating the 401(k) match would save Pepsi $75 million, according to the newspaper.
The job cuts, amounting to a little more than 1 percent of the company's payroll, will include a modest number of workers at its Purchase, New York headquarters, the Post said.
Pepsi employs about 300,000 workers globally, 2,000 of whom are in Purchase, according to the NY Post."

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