P&G to cut about 10 percent of non-manufacturing jobs | Reuters

Procter & Gamble Co plans to cut a total of 5,700 nonmanufacturing jobs as part of a new plan to reduce costs by $10 billion by the end of fiscal 2016, Chief Executive Officer Bob McDonald said on Thursday.

The world’s largest household products company has about 57,000 non-manufacturing employees among its total workforce of about 129,000.

P&G had already said it would cut 1,600 positions in the current fiscal year. On Thursday, it said it would cut another 4,100 jobs during fiscal 2013, which begins in July.

via P&G to cut about 10 percent of non-manufacturing jobs | Reuters.