Procter & Gamble to cut 7,000 jobs over two years


PROCTER & Gamble said on Thursday it would cut 7,000 jobs, or about 15% of its non-manufacturing roles, globally over the next two years as part of its non-core restructuring program.

P&G also plans to exit of some categories, brands and product forms in individual markets, executives said at a Deutsche Bank conference in Paris, adding that the exits could also likely include some brand divestitures.

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