Feb 21

P&G’s New Austerity Plan: A Small-Scale Restructuring

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BOCA RATON, Fla. (AdAge.com) — Procter & Gamble Co. will eliminate 15% of its general-manager positions and an unspecified number of underperforming brands while keeping overall employment flat to negative, in a bid to accelerate productivity amid rising commodity costs and tougher competition.

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