CNN Money: Procter and Gamble Cutting 5,700 Jobs
Monday, 27 February 2012 10:12

Procter & Gamble announced plans Thursday to cut 5,700 positions globally by June of next year.

In a presentation to the Consumer Analyst Group of New York, Procter & Gamble (PNG) CEO Bob McDonald and CFO Jon Moeller said the cuts were part of a plan to save $10 billion in costs by 2016.

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