Tide detergent, a Procter & Gamble product, is displayed on a shelf in a store in Alexandria, May 28, 2009. REUTERS/Molly Riley
P&G plans to cut more jobs, repurchase more shares
Posted : Thursday, 15 November 2012 09:15AM
CINCINNATI (Reuters) - Procter & Gamble Co <PG.N> now plans to cut another 2 percent to 4 percent of its non-manufacturing staff, on top of a continuing 10 percent reduction, and said it may increase stock repurchases to $6 billion from $4 billion.
The world's largest maker of household products laid out its latest plans on Thursday as it works on improving its structure and cutting costs.
Ahead of a bi-annual meeting with analysts, being held this year at P&G's Cincinnati headquarters, the company also maintained its forecasts for sales and earnings for the current quarter and the fiscal year.
(Reporting by Jessica Wohl in Cincinnati; editing by John Wallace)
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