Consumer goods giant Procter & Gamble will cut 7,000 jobs globally over the next two years as it deals with increased economic pressures.

The company, which runs brands such as Pampers and Ariel, is embarking on a restructure that will cut approximately 6% of its workforce, or 15% of its non-manufacturing workforce.

Speaking at a consumer conference on Thursday, chief financial officer Andre Schulten said: “This restructuring program is an important step toward ensuring our ability to deliver our long-term algorithm over the coming two to three years.

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

Job cuts

Consulting giant McKinsey cuts headcount by 10%

Volvo to cut around 3,000 roles in restructure 

The company said it was dealing with US tariff-related costs and customers who were dealing with cost-of-living pressures.

In April, P&G stated that it was experiencing the impact of US tariffs on raw and packaging materials, as well as some finished products sourced from China, which has been heavily affected by President Trump’s tariffs.

It said it would look at different sourcing options and ways to improve productivity, but it would still have to raise prices and potentially look at other efficiencies.

The company employs around 2,500 employees in the UK, but has not yet specified where the job cuts will be made.

Schulten said the restructuring programme would begin in the second half of this year, including slimming down management teams and using more automation and digitisation.

Net sales in the first three months of the year fell 2% to $19.8bn (£14.6bn|), a bigger than forecast drop, he added.

 

Sign up to our weekly round-up of HR news and guidance

Receive the Personnel Today Direct e-newsletter every Wednesday

Email(Required) OptOut From time to time, we will send you emails about selected products, events and services from Personnel Today and OHW+ - but you can choose to opt-out at any time. If you do not wish to receive these emails, please tick this box.EmailThis field is for validation purposes and should be left unchanged.

Δdocument.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() );

/* = 0;if(!is_postback){return;}var form_content = jQuery(this).contents().find('#gform_wrapper_129');var is_confirmation = jQuery(this).contents().find('#gform_confirmation_wrapper_129').length > 0;var is_redirect = contents.indexOf('gformRedirect(){') >= 0;var is_form = form_content.length > 0 && ! is_redirect && ! is_confirmation;var mt = parseInt(jQuery('html').css('margin-top'), 10) + parseInt(jQuery('body').css('margin-top'), 10) + 100;if(is_form){jQuery('#gform_wrapper_129').html(form_content.html());if(form_content.hasClass('gform_validation_error')){jQuery('#gform_wrapper_129').addClass('gform_validation_error');} else {jQuery('#gform_wrapper_129').removeClass('gform_validation_error');}setTimeout( function() { /* delay the scroll by 50 milliseconds to fix a bug in chrome */ }, 50 );if(window['gformInitDatepicker']) {gformInitDatepicker();}if(window['gformInitPriceFields']) {gformInitPriceFields();}var current_page = jQuery('#gform_source_page_number_129').val();gformInitSpinner( 129, 'https://www.personneltoday.com/wp-content/plugins/gravityforms/images/spinner.svg', true );jQuery(document).trigger('gform_page_loaded', [129, current_page]);window['gf_submitting_129'] = false;}else if(!is_redirect){var confirmation_content = jQuery(this).contents().find('.GF_AJAX_POSTBACK').html();if(!confirmation_content){confirmation_content = contents;}jQuery('#gform_wrapper_129').replaceWith(confirmation_content);jQuery(document).trigger('gform_confirmation_loaded', [129]);window['gf_submitting_129'] = false;wp.a11y.speak(jQuery('#gform_confirmation_message_129').text());}else{jQuery('#gform_129').append(contents);if(window['gformRedirect']) {gformRedirect();}}jQuery(document).trigger("gform_pre_post_render", [{ formId: "129", currentPage: "current_page", abort: function() { this.preventDefault(); } }]); if (event && event.defaultPrevented) { return; } const gformWrapperDiv = document.getElementById( "gform_wrapper_129" ); if ( gformWrapperDiv ) { const visibilitySpan = document.createElement( "span" ); visibilitySpan.id = "gform_visibility_test_129"; gformWrapperDiv.insertAdjacentElement( "afterend", visibilitySpan ); } const visibilityTestDiv = document.getElementById( "gform_visibility_test_129" ); let postRenderFired = false; function triggerPostRender() { if ( postRenderFired ) { return; } postRenderFired = true; jQuery( document ).trigger( 'gform_post_render', [129, current_page] ); gform.utils.trigger( { event: 'gform/postRender', native: false, data: { formId: 129, currentPage: current_page } } ); if ( visibilityTestDiv ) { visibilityTestDiv.parentNode.removeChild( visibilityTestDiv ); } } function debounce( func, wait, immediate ) { var timeout; return function() { var context = this, args = arguments; var later = function() { timeout = null; if ( !immediate ) func.apply( context, args ); }; var callNow = immediate && !timeout; clearTimeout( timeout ); timeout = setTimeout( later, wait ); if ( callNow ) func.apply( context, args ); }; } const debouncedTriggerPostRender = debounce( function() { triggerPostRender(); }, 200 ); if ( visibilityTestDiv && visibilityTestDiv.offsetParent === null ) { const observer = new MutationObserver( ( mutations ) => { mutations.forEach( ( mutation ) => { if ( mutation.type === 'attributes' && visibilityTestDiv.offsetParent !== null ) { debouncedTriggerPostRender(); observer.disconnect(); } }); }); observer.observe( document.body, { attributes: true, childList: false, subtree: true, attributeFilter: [ 'style', 'class' ], }); } else { triggerPostRender(); } } );} ); /* ]]> */

 

HR opportunities in the FMCG sector on Personnel Today

Browse more HR opportunities in the FMCG sector