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Proctor & Gambal said on Thursday that it will be cut Up to 7,000 jobs, Or 15% of its non-construction workforce in the next two years as part of a comprehensive restructuring effort.
“As usual, employee separation will be managed with support and respect, and in line with our principles and values and local laws,” P&G said“Specific effects by the region or site are not available at this time.”
The two -year restructuring plan comes in 2025 as a consumer goods legend P&G and Unilever Brace, which stems from increasing uncertainty due to American tariffs.
The deduction was declared as part of a restructuring plan. (Reuters / Brendon McDermid / Reuters)
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P&G officials said at a Dutash Bank Consumer Conference in Paris on Thursday, “This is not a new approach, but a deliberate acceleration of the current strategy … to win in a rapidly challenging environment in which we compete.”
With organizational changes, P&G stated that he is “demanding the roles to broaden, the teams are demanding small, more complete and more efficient work, including taking advantage of digitization and automation.”
| Langer | Security | Last | Change | Change % |
|---|---|---|---|---|
| PG | Proctor and Gambal Cum. | 163.72 | -2.25 |
-1.35% |
Under the reorganization, it is also looking to adjust its portfolio. This may include some categories, brands and products exit in some markets, as well as some potential brand developments.
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According to its portfolio change company, it will also help run various benefits within its supply chain, including capacity, sharp innovation, and reduction in cost “.
“Looking forward, consumers have to face More uncertaintyThe competition is fierce. The geopolitical environment is unexpected. And technology is rapidly changing almost every aspect of daily life, “P&G said.” At the same time, we are expanding in new segments, meeting the needs of unheard and under-surreined consumers, and can unlock the significant growth by completing the growing markets to the best-in-class levels. ,
A laundry detergent of Tide, Proctor and Gambal Company is seen on a store shelf in Miami, Florida on 20 October, 2020. (Joe Redal / Getty Images / Getty Images)
The company said that “the disciplined execution of our integrated development strategy and even more disciplined resource allocation will help the company to pursue” development opportunities “and” increase the challenges of near-term “.
The manufacturer of Tide detergent and pumpers Diapers had around 108,000 employees by June 2024.
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P&G is expected to record a fee of $ 1 billion to $ 1.6 billion before tax over a period of two years, with a quarter fee expected to be a non-car.
Reuters contributed to this report.
