PEP · News · 20260922N
Headcount / Restructuring
PEPSICO INC · 2026-09-22 · Importance 31 · Surprise 42 · In source text
CB Manufacturing Inc., a PepsiCo subsidiary operating as Pepsi Beverages, will close its Cheverly, Maryland, bottling plant by November 13, 2026. The closure will eliminate 143 jobs. PepsiCo attributed the decision to shifting consumer demand and the need to modernize its bottling network, following Frito-Lay plant shutdowns in California and New York.
Key facts
- The closure of the Cheverly, Md. bottling plant will result in 143 job losses. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | negative | probable | — | The closure of the Cheverly, Md. bottling plant will result in 143 job losses. |
| liability | negative | probable | — | The closure of the Cheverly, Md. bottling plant will result in 143 job losses. |