Procter & Gamble plans cuts in workforce
Procter & Gamble, the US consumer products group, plans to cut its worldwide workforce, but said it was too early to say whether the redundancies would total 10,000 employees, as has been reported. P&G, which sells well-known brands such as Fairy Liquid, Ariel washing powder and Pampers nappies in the UK, has been looking for cost-cutting opportunities since December, and will begin executing the plan next month.
The company currently employs 5,500 people at manufacturing plants in Manchester, Essex, Newcastle and West Yorkshire, and at three smaller research facilities in Newcastle, Surrey and Middlesex.
Hamish McRae, page 27
Subscribe to Independent Premium to bookmark this article
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies