FMCG The company Proctor & Gamble (P&G) will cut jobs up to 7000 in the next 2 years. The American company that makes Tide Detergent and Pumpers Diapers is implementing restructuring programs at a time when tariffs are increasing costs for American companies and consumers are deeply concerned about the economy. The company’s Chief Financial Officer (CFO) Andre Shultain said that the job cuts announced at the Deutch Bank Consumer Conference in Paris on Thursday are about 6 percent of the company’s global workforce or about 15 percent of its non-construction posts.
The company will also stop selling its products in some markets
Andre Shultain said, “This restructuring program is an important step towards ensuring our ability to distribute our long-term algorithms in the coming 2 to 3 years. However, it does not overcome the challenges we are currently facing.” The deduction is part of a comprehensive restructuring program. Proctor and Gambal will also stop selling some of its products in some markets. The company said that they will be able to give more information about this in July.
How is the shares of Proctor & Gambal
The stocks of Proctor and Gambal Health Limited closed down on Thursday. The company’s shares on BSE closed at Rs 5576.75 with a loss of Rs 28.95 (0.52%). During the trading yesterday, Proctor and Gambal Health shares reached Intrade Low of Rs 5535.55 to Intrade High of Rs 5635.30. The company shares are close to their 52 weeks high. The 52 week high of Proctor and Gambal Health shares is Rs 5939.80 and 52 week is Rs 4730.00. According to BSE data, the current market cap of Proctor and Gambal Health Limited is Rs 9,257.06 crore.
Latest business news
