By Colin Kellaher
Procter & Gamble's planned restructuring will result in pretax charges of $1 billion to $1.6 billion over the next two years.
P&G, which on Thursday unveiled plans to shed 7,000 jobs and trim its product portfolio, said it expects 25% of the charges to be non-cash.
The Cincinnati consumer-products giant said the restructuring program, focused around portfolio choices, supply-chain optimization and organization design, will include brand exits, select brand divestitures and potential market exits, adding that it will announce details at a later date.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
June 05, 2025 06:18 ET (10:18 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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