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As part of a PepsiCo restructuring, Frito-Lay is streamlining its organization to enable the company to reinvest in business initiatives that will strengthen its leadership position and create capabilities for continued growth, according to the snack maker.
Frito-Lay's will eliminate 200 to 250 associates, with the exact number to be determined. This represents about half of 1 percent of Frito-Lay's 46,000-person national workforce, with the majority of affected salaried positions at its Plano, Texas-area headquarters and related roles across the country. This action will have no impact on frontline associates, the company said.
"Streamlining our business accelerates Frito-Lay's drive for greater simplicity, flexibility and speed--and it enables us to step up our investments in consumer and customer- focused innovation, our selling systems and supply chain infrastructure," said Irene Rosenfeld, Frito-Lay chairman and CEO. "We recognize the personal implications of these actions are significant, especially when the business is as strong as ours, and we wanted to establish an open environment that allows for treating our people with the greatest consideration and assistance to ensure a smooth transition."
Frito-Lay is the $10 billion convenient food division of PepsiCo, which is based in Purchase, N.Y.