P&G to cut 15% of management staff

[OhioChick]

Source: Economic Times India

26 Feb, 2008, 0317 hrs IST

NEW YORK: Procter & Gamble will cut about 15% of its management staff as part of a bid to improve productivity and accelerate growth, the company said on Monday. The vast majority of the job cuts will come through attrition as employees retire or leave the company, P&G spokesman Paul Fox said.

The maker of Pampers diapers, Crest toothpaste and a host of other personal care and household products also said it is aiming to raise annual productivity growth —or the value of sales per employee —from 6% to 7% or 8% over the next five years.

Fox said the company will increasingly focus its efforts on the 41 brands that generate annual sales of more than $500 million —such as Tide detergent and Swiffer cleaners.

Those brands produce more than 90% of the company’s profits, chief executive AG Lafley said last week at the Consumer Analysts Group of New York conference in Florida. P&G also said it plans to reduce the number of distribution centres it operates globally by half.


Read more: http://economictimes.indiatimes.com/International_Business/PG_to_cut_15_of_management_staff/articleshow/2814483.cms

[midnight]

1. How do the little guys compete when these big guys are

not able to keep up?

[Mac128]

2. I Hope they Go Bankrupt

Never has there been a more evil, duplicitous, deceptive company. This is why I will never be a Republican, I will never invest in a company just to make money. I have to believe in what they do. Animal-testing-grinding-up-the-dead-ones-into-pet-food bastards.

[Jeff In Milwaukee]

3. And their potato chips suck...

nt

[Acadia Blue]

4. Would love for them to lay off the overpaid executives...they can

get a Mexican or Indian with a PHD in business for one-fouth or less what they pay an American who went to Yale or Harvard. When the upper crust starts to feel the globalization, then perhaps something will be done.
Just like pigs, they ate too much and now its all gone.