PEP · News · 20261021N
Headcount / Restructuring
PEPSICO INC · 2026-10-21 · Importance 38 · Surprise 42 · In source text
PepsiCo immediately closed its Knoxville, Tennessee, bottling plant and notified 122 employees that their salaries and benefits would end on January 1. A separate report described the closure as affecting 112 layoffs, while sales and delivery staff in the Knoxville area would remain employed. The closure follows PepsiCo’s September shutdown of a Cheverly, Maryland, bottling plant that affected 100 workers. The reports linked the Knoxville action to weaker North American beverage performance and rising costs.
Key facts
- PepsiCo has announced the immediate closure of its Knoxville, Tennessee bottling plant, informing 122 employees that their salaries and benefits would wrap up Jan. 1. source
- The Knoxville bottling plant shutdown resulted in 112 layoffs, according to Industrial Equipment News. source
- Sales and delivery staff in the Knoxville area will not be affected by the plant shutdown. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | positive | committed | — | PepsiCo has announced the immediate closure of its Knoxville, Tennessee bottling plant, informing 122 employees that their salaries and… |