BioSpace.com

Biotech and Pharmaceutical
News & Jobs
Search the Site
 
   
Biotechnology and Pharmaceutical Channel Medical Device and Diagnostics Channel Clinical Research Channel BioSpace Collaborative    Job Seekers:  Register | Login          Employers:  Register | Login  

NEWSLETTERS
Free Newsletters
Archive
My Subscriptions

NEWS
News by Subject
News by Disease
News by Date
PLoS
Search News
Post Your News
JoVE

CAREER NETWORK
Job Seeker Login
Most Recent Jobs
Browse Biotech Jobs
Search Jobs
Post Resume
Career Fairs
Career Resources
For Employers

HOTBEDS
Regional News
US & Canada
  Biotech Bay
  Biotech Beach
  Genetown
  Pharm Country
  BioCapital
  BioMidwest
  Bio NC
  BioForest
  Southern Pharm
  BioCanada East
  US Device
Europe
Asia

DIVERSITY

INVESTOR
Market Summary
News
IPOs

PROFILES
Company Profiles

START UPS
Companies
Events

INTELLIGENCE
Research Store

INDUSTRY EVENTS
Biotech Events
Post an Event
RESOURCES
Real Estate
Business Opportunities

 News | News By Subject | News by Disease News By Date | Search News
eNewsletter Signup
Miles
Km80.5

   

Procter & Gamble (PG) to Slash 5,700 Jobs and Cut Costs by $10 Billion


2/24/2012 7:23:18 AM

Procter & Gamble, the world’s biggest consumer goods maker by sales, plans to cut 5,700 jobs and $10bn in costs over the next four years as it responds to market demands to sharpen its performance in the face of slow growth in the west. Bob McDonald, P&G chief executive, said: “We realise that we have to do it. The environment necessitates it.” Shares in the Cincinnati-based company, which has less exposure to high-growth emerging markets than its main rivals, rose 2.3 per cent to $65.93. The job cuts represent about 10 per cent of non-manufacturing jobs at P&G and include 1,600 job losses announced last month. They are due to be completed by the middle of next year.


   

ADD TO DEL.ICIO.US    ADD TO DIGG    ADD TO FURL    ADD TO STUMBLEUPON    ADD TO TECHNORATI FAVORITES