Gillette and Pampers maker says it will cut 7000 | Australian Markets

Procter & Gamble will cut up to 7000 jobs over the subsequent two years because the maker of Gillette and Pampers nappies implements a restructuring program at a time when tariffs are raising prices for US corporations and customers are growing anxious concerning the financial system.

The job cuts, introduced on the Deutsche Bank Consumer Conference in Paris on Thursday, make up roughly six per cent of the company’s world workforce, or about 15 per cent of its non-manufacturing positions, Chief Financial Officer Andre Schulten mentioned.

“This restructuring program is an important step toward ensuring our ability to deliver our long-term algorithm over the coming two to three years,” Schulten mentioned.

“It does not, however, remove the near-term challenges that we currently face.”

Procter & Gamble, primarily based in Cincinnati, had roughly 108,000 staff worldwide in June 2024.

The company makes a vary of family manufacturers together with Ariel, Oral-B, Always and Tampax, and hair care manufacturers Head & Shoulders and Herbal Essences.

Procter & Gamble will additionally finish gross sales of some of its merchandise in sure markets.

The company mentioned it will present more particulars about that in July.

In April Procter & Gamble famous during a convention call that the most important US tariff results had been coming from uncooked and packaging supplies and some completed product sourced from China.

The company mentioned that it could be sourcing choices and productiveness enhancements to mitigate the tariff influence however that it can also need to raise costs on some merchandise.

with PA