By MJ Randolph – Re-Blogged From http://www.truthrevolt.org
Unexpectedly, onerous taxes in Philadelphia are hurting businesses… and the people who work there. The latest casualty? Philadelphia Pepsi workers. Business Insider reports:
PepsiCo is laying off 80 to 100 workers at distribution plants serving Philadelphia. According to the company, a soda tax that is cutting the area’s soda consumption is to blame.
The layoffs, which account for roughly 20% of Pepsi’s 423 Philadelphia employees, will begin Wednesday and be spread out over the next few months, the Philadelphia Inquirer reported.
“Unfortunately, after careful consideration of the economic realities created by the recently enacted beverage tax, we have been forced to give notice that we intend to eliminate 80-100 positions, including frontline and supervisory roles, in Philadelphia over the next few months, beginning today,” Pepsi said in a statement to Business Insider.
Philadelphia’s soda tax passed in June 2016 and went into effect in January of this year. The 1.5-cent-per-ounce soda tax is expected to raise about $91 million annually.