Company News

P&G Cuts Management Posts

Makes move to improve profitability.

Procter & Gamble has cut its number of senior managers and is looking at other restructuring measures to improve profitability, according to an article in the Financial Times.
In recent months, P&G has cut the number of vice chairmen from four to two and has reduced the number of group presidents, presidents and vice-presidents by 15% and directors by 10%.

The reductions were made by not replacing executives who retired or left the company rather than through layoffs, according to the company.


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