US Edition
Procter & Gamble to slash 7,000 jobs in cost-cutting drive
- Procter & Gamble plans to cut up to 7,000 jobs over the next two years as part of a restructuring program.
- The company stated that the job cuts will reduce its non-manufacturing workforce by about 15%, affecting around 6% of total jobs.
- Procter & Gamble's Chief Financial Officer, Andre Schulten, announced the cuts at the Deutsche Bank Consumer Conference in Paris.
- Procter & Gamble will provide more details about the job cuts in July.
168 Articles
168 Articles
Procter & Gamble will cut to 7,000 jobs in the next two years as detergent manufacturer Tide and Pampers diapers implements a restructuring program at a time when tariffs are raising costs for US companies and consumers are increasingly concerned about the economy.
P&G to cut 7,000 jobs, exit brands
Procter & Gamble will cut 7,000 jobs over the next two years as the Tide detergent maker contends with an uncertain spending environment, fuelled in part by US tariffs that have roiled numerous consumer companies. The world's largest consumer goods company also plans to exit some product categories and brands in certain markets, including some potential divestitures, as part of the broader two-year restructuring plan. "This is not a new approach…
Proctor & Gamble to Cut 15% of Non-Manufacturing Staff: A Strategic Move - Real News Now
Global consumer goods conglomerate, Proctor & Gamble, expressed on Thursday its intention to reduce its non-manufacturing personnel. The blueprint for reduction entails a staggering 15 percent cut, equating to 7,000 of its employees. Teasing the possibility of brand divestments, the company chose to withhold specifics. The redundancies and potential brand sales are part of a broader strategy to reposition the company in the ever-evolving global …
Pampers maker Procter & Gamble to cut up to 7,000 jobs
Procter & Gamble will cut up to 7,000 jobs over the next two years as the maker of Tide detergent and Pampers diapers implements a restructuring program at a time when tariffs are raising costs for American companies and consumers…
Coverage Details
Bias Distribution
- 63% of the sources are Center
To view factuality data please Upgrade to Premium
