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Procter & Gamble (PG +2.4%) plans to cut 5.7K jobs in 2013 and reduce its costs by $10B by...

Procter & Gamble (PG +2.4%) plans to cut 5.7K jobs in 2013 and reduce its costs by $10B by 2016, according to CEO Bob McDonald. The company also reduced its earnings estimates for FQ3 and FY12 based on the impact of the sale of the Pringles brand to Kellogg.
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Comments (3)
  • Johann Galt
    , contributor
    Comments (238) | Send Message
     
    This can't be. I have it on good authority the President has fixed the economy.
    23 Feb 2012, 01:38 PM Reply Like
  • runlong
    , contributor
    Comments (93) | Send Message
     
    Yes he has, but in 2013 he will not be able to help anymore. :)
    23 Feb 2012, 01:43 PM Reply Like
  • Ron Myers
    , contributor
    Comments (256) | Send Message
     
    Yes, after barely winning the election due to the $1 T QE program which will be announced at the first sign of poor jobs data, plus a direct handout of several thousand to every underwater homeowner, even Obama and the Fed will be tapped out in 2013.
    23 Feb 2012, 06:37 PM Reply Like
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