Proctor and Gamble has released its plans to cut 5,700 jobs by June of 2013. Their goals are to save over $10Billion by June of 2016. This jub cut is primarily due to slow sales in the United states as well as high packaging and fueling costs. It is still spending money on developing initiatives to grow as a company. This amounts to roughly 10% of the company's non-manufacturing work force. They will continue to expand in foreign companies and even continue to hire. Their stock shares have also risen $1.98.
This demonstrates the ever present need to continue developing growth strategies, reallocating money, and developing product/market penetration.
More information can be found at: http://www.blogger.com/blogger.g?blogID=266412629036522626#editor/target=post;postID=8809785250900167779
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