11/10/2005

As part of an $85 million restructuring plan, PepsiCo said it will lay off up to 250 workers from its Frito-Lay unit and will consider layoffs in other units as well. A letter from a Frito-Lay executive said rising prices for energy and orange juice contributed to the move. "It has been the toughest year I have seen since I joined PepsiCo, from a cost perspective," PepsiCo Chief Financial Officer Indra Nooyi said.

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