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Provider: ValuEngine, Inc.
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$127.00
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Procter & Gamble Co Set To Cut More Jobs, Repurchase Additional Shares-Reuters
Reuters reported that Procter & Gamble Co (P&G) plans to trim more non-manufacturing jobs through 2016, on top of cutting 10% of that workforce by the end of June. P&G also said it may increase stock repurchases to $6 billion from $4 billion. P&G remains on track to eliminate about 5,700 non-manufacturing jobs by the end of this fiscal year, which will end in June. It now plans to reduce another 2% to 4% of its non-manufacturing jobs each year during fiscal 2014, 2015 and 2016.
Latest Developments for Procter & Gamble Co
- Procter & Gamble Co Reaffirms FY 2013 Revenue Guidance; Raises Low End Of Prior FY 2013 EPS Guidance; Comments On Q4 2013 Revenue Guidance; Issues Q4 2013 EPS Guidance Below Analysts' Estimates
- Procter & Gamble Co Lowers Q3, FY 2013 EPS Guidance
- Procter & Gamble Co Announces Increase In Share Repurchase
- Procter & Gamble Co Raises FY 2013 Guidance; Issues Q3 2013 EPS Guidance In Line With Analysts' Estimates; Comments On Q3 2013 Revenue Guidance
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