The corporation announced its intention to fire 5,700 people at once Procter & Gamble. This process will take four years. Thus, by 2016 the leadership P&G expects to save at least $10 billion.
Thus, a gradual restructuring, which began in 2005, is being carried out. Prior to this, the manufacturer of all kinds of consumer goods (among which there are many world-famous brands) was engaged only in increasing the staff. Today, the company employs 129 thousand people. And this is not the first time the company has cut staff. The layoffs are estimated to cost the company approximately $3.3 billion.
By the way, one of the stages of restructuring was getting rid of food brands. Yes, recently P&G sold a snack food brand Pringles.
After the announcement of the start of cuts, the share price P&G increased somewhat.