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Proctor & Gambal said that it would reduce 15 percent of the roles of its office in the next two years as part of the cost of cost cuts in the next two years, as weak consumer spirit and tariff uncertainty weighs on development.
The manufacturer of domestic brands, including Gillette and Tide, revealed 7,000 non-construction job cuts in a presentation for a Paris-based conference on Thursday, as well as plans to divide several categories and brands and restructure the organization.
The company did not specify where the job cut would be done.
American consumer goods have been taking care and caution from shopkeepers in view of the tariff of Group Donald Trump. In April, the group reduced its sales and profit guidance for the year, as a result of “reducing more nervous consumer consumption”.
The company expects a 2 percent organic sales growth in 2025, below the forecast limit of 3 to 5 percent.
This is a developing story
