EMCC European Monitoring Centre on Change

Procter and Gamble

Company/Organisation:
Procter and Gamble

Geographic Location

Country: World

Company

Sector: Manufacturing
Manufacture of chemicals and chemical products
20 - Manufacture of chemicals and chemical products
Number Employed: 57000

Employment Effects

Announcement Date: 23-02-2012
Planned Job Reductions min: 5700
Planned Job Reductions max: 5700
Type of Restructuring: Internal restructuring
Employment Effect Start: 23-02-2012
Foreseen End Date: 30-06-2013

Additional Information

Procter and Gamble, a US-based consumer goods maker, will cut 5700 jobs globally by June 2013, as part of a cost-saving initiative.

The job cuts are intended to save around $800 million, and form part of a longer-term plan to cut $10 billion in costs over the next four years. The jobs to be lost will be non-manufacturing roles; the cuts represent about ten per cent of this portion of the Procter and Gamble workforce. It is not yet clear in which geographies the reductions will occur.

The restructuring follows a lack of strong sales growth in Europe and the USA; the firm has also struggled to increase the proportion of its sales in emerging markets, due to competition from rivals.

Procter and Gamble employs about 129,000 people globally.