Nelson Peltz, the US billionaire and activist investor, will halt his campaign to merge PepsiCo with Mondelez International after the Cadbury chocolate producer lined him up for a seat on its board. The move should come as a relief to PepsiCo's management, which had been forced to counter Peltz's backing of a PepsiCo buyout of US-based Mondelez. Peltz also wanted PepsiCo to split its drinks operations from its more profitable snacks units in the wake of a merger.
Four months after their mass termination for joining a union at two warehouses operated for PepsiCo India by Radhakrishna Foodlands (RKFL) the majority of the 162 workers have been forced to return to work under conditions that strip them of their human rights.
PepsiCo's aggressive union-busting at its Frito-Lays plant in West Bengal was brought to the attention of tens of thousands of Indian Premier League (IPL) cricket fans at Eden Garden Stadium on Sunday. PepsiCo, a major IPL sponsor, faces growing criticism for its role in the mass termination of workers in March and April.
Submitted by Pepsico Worker on Mon, 06/12/2010 - 17:31
December 2, PepsiCo announced another major acquisition in Russia – namely, dairy and juice producer Wimm-Bill-Dann (WBD).
PepsiCo is acquiring a 66% stake for 3,8 billion USD, subject to regulatory approval, and announced plans to buy the remaining stocks in the future, This follows the acquisition in 2008 of Lebedyansky, another major juice producer in the country.
Submitted by Pepsico Worker on Mon, 04/10/2010 - 17:33
On 8 September 2010, workers of one of the production sites of LLC PepsiCo Holdings in the town of Domodedovo, Moscow region, founded a trade union organization which joined the Agro-industrial workers’ trade union of Moscow and thus became an IUF affiliate.
Members of the trade union said it was management’s standard answer to any question related to labor issues or conditions of work that motivated them to organise – “If you do not like it – you can leave”! The workers are convinced: they have legal rights and those rights should be well defended.
Submitted by Pepsico Worker on Wed, 02/06/2010 - 13:45
Food and beverage workers organised in Polish IUF-affiliate Solidarnosc discussed organising strategies May 26-28 in Lodz, Poland. Workers representatives from a number of TNCs and Polish owned companies including Frito-Lay (Pepsico), Coca-Cola, Bahlsen, Mars, Cadbury, and Odra developed communication and planning capacities to grow union strength.
In the discussions, the rampant casualisation of the workforce, in some cases up to 50% of the workforce, was identified as one of the main obstacles to building union strength and serious violation of workers right to organise.
When the US-based Schreiber Foods Inc acquired a 51 per cent stake in Dynamix Dairy Industries in 2004, one of India’s most advanced milk processing plants was transformed into a global company.
Submitted by Pepsico Worker on Tue, 30/03/2010 - 13:33
During a training workshop March 17-19, held by IUF and its affiliate FAWU in Johannesburg, South Africa, shop stewards from Pepsico Simba factories and sales & distribution locations discussed their future cooperation as well as questions of national recognition and the extent of the use of labour brokers workers in SIMBA operations.
Submitted by Pepsico Worker on Fri, 26/02/2010 - 17:12
According to media sources, PepsiCo has completed the next step on the way to take full control of its two biggest bottlers, PepsiAmericas and Pepsi Bottling Group.