Proctor & Gamble announces 7000 redundancies worldwide amid Donald Trump’s uncertainty
Procter & Gamble, the manufacturer of home staples, such as the Tide detergent and the pampers diapers, have announced plans to reduce up to 7,000 jobs or about 6% of its worldwide workforce over the next two years. The move comes as the company faces pressure on invoices and uncertain consumer costs that have affected its financial performance. Speaking at the Consumer Conference of Deutsche Bank in Paris on Thursday, Chief Financial Officer Andre Schulten described the restructuring plans, noting that work cuts would mainly affect the company’s workforce. Such as Reutersjob reductions account for about 15% of its current



