Pepsico! not losing fizz over Wall St mayhem...

HIRE NOT FIRE: Pepsico! is planning a recruitment drive and is going out of its way to retain talent.

Pepsico! is not losing fizz over the mayhem on Wall Street. It will be investing Rs 2,200 crore in India over the next three years, which will create 50,000 direct and indirect jobs in the country.

"The problems on Wall Street have not yet trickled over to main street which is where we are. Our business continues to be robust. We generate a lot of cash. We are financially very healthy. I don't believe the problems on Wall Street will affect companies like ours," said Pepsico! Chairperson & CEO, Indra Nooyi.

She added that the organisation will create more jobs in India.

At a time when most companies are tightening their grip on budgets, Pepsico! is thinking out of the box. It is not only planning a major recruitment drive but is going out of its way to retain talent, and bring more women into its force.

"India has given us some of the best employees and I am proud of it. This issue is close to me. We have tied up with jobstreet.com and indiwo.com. Indiwo.com is specially to attract women in India," Nooyi said.

The shrinking global economy has pushed Wall Street onto a diet of cost cuts and pink slips but not so for Pepsico! which is a main stream company.

Source: IBN