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P&G keeping costs down during green transition

  • Procter & Gamble (PG) is trying to balance its green initiative while securing as much profit as it can, as it caters to global sustainability while cutting company-wide costs.
  • This spring, P&G promised to begin monitoring its entire palm oil supply by 2015, cut the water content in laundry detergent by a quarter (saving 45M gallons of water annually) by 2018, and rid oil from dirty suppliers by 2020. Procter & Gamble also joined with Wal-Mart (WMT) in the $100M Closed Loop Fund, which helps U.S. cities boost recycling programs.
  • To balance its green initiative, the company is cutting 3,000 office jobs over the next two years, selling its pet food business, and is looking to cut $10B from costs by 2016.
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Comments (19)
  • wyostocks
    , contributor
    Comments (8088) | Send Message
     
    Did they also mention keep raising prices and cutting the size of the containers while doing so?
    1 Jun, 10:26 AM Reply Like
  • busterbrown
    , contributor
    Comments (123) | Send Message
     
    OOOP'S! Funny, but right, good call.
    1 Jun, 11:37 AM Reply Like
  • aeroguy48
    , contributor
    Comments (657) | Send Message
     
    Thanks again obama, going green costing jobs.
    1 Jun, 10:36 AM Reply Like
  • optionsexpert
    , contributor
    Comments (296) | Send Message
     
    Thanks Obama for World War I. We all know it was his fault.
    1 Jun, 11:01 AM Reply Like
  • nemonemo
    , contributor
    Comments (322) | Send Message
     
    No Obama said its Bush fault. Oops someone farted. Obama just learned it from newspapers and it was not his fault. Bushs' fault.
    1 Jun, 12:47 PM Reply Like
  • Tricky
    , contributor
    Comments (1583) | Send Message
     
    This clickbait article has led to the predictable Pavlovian responses.

     

    Please show where any of this was driven by the Obama administration.

     

    The company is responding a loud segment of the marketplace, much as it would probably react to conservative segments being vocal about... whatever (IIRC, they had, or at least used to have, an explicit policy that they won't advertise on any show that "shows the US military in a bad light").

     

    The market also wants low prices... which leads to lower gross margins and initiatives to get the same amount of revenue for less people cost... costing jobs. So blame the consumer. Consumer products companies respond to new consumer demands, nothing new in that.
    1 Jun, 01:04 PM Reply Like
  • nemonemo
    , contributor
    Comments (322) | Send Message
     
    LOL. Now blaming consumer after blaming Bush.
    1 Jun, 01:07 PM Reply Like
  • Joe Lunchbox
    , contributor
    Comments (433) | Send Message
     
    There's too much consumin' goin' on out there! Sen. Fritz Hollings
    1 Jun, 01:47 PM Reply Like
  • wyostocks
    , contributor
    Comments (8088) | Send Message
     
    Lower prices? I guess you haven't done any shopping lately.
    Do you seriously think that higher profits will be achieved by passing along any of the " cost savings" to their customers.
    1 Jun, 02:04 PM Reply Like
  • BlackWildBoar
    , contributor
    Comments (11) | Send Message
     
    Are you sure
    1 Jun, 03:26 PM Reply Like
  • Tricky
    , contributor
    Comments (1583) | Send Message
     
    @nemonemo. It seems that you didn't bother to read the source article prior to commenting. In no place did P&G attribute these moves to compliance with ANY government. They attributed it to wanting to maintain "customer goodwill".
    1 Jun, 03:28 PM Reply Like
  • nemonemo
    , contributor
    Comments (322) | Send Message
     
    Lol. Do you think they will comment on Obama and greenies. Obama minions will stop buying stuff from them.
    1 Jun, 07:29 PM Reply Like
  • Sonia
    , contributor
    Comments (368) | Send Message
     
    The 3,000 fired employees will switch from buying Tide and other top quality PG products to cheap goods made by other manufacturers. All companies can save money by firing employees - but then, who will buy their products?
    1 Jun, 10:52 AM Reply Like
  • GaltMachine
    , contributor
    Comments (1140) | Send Message
     
    "To balance its green initiative, the company is cutting 3,000 office jobs"

     

    The "green movement" in a nutshell.
    1 Jun, 11:36 AM Reply Like
  • Joe Lunchbox
    , contributor
    Comments (433) | Send Message
     
    My company laid off over a thousand workers so our new CEO could get lots of green. A different (but similar) kind of "green movement".
    1 Jun, 01:48 PM Reply Like
  • bdarken
    , contributor
    Comments (433) | Send Message
     
    People are the ultimate carbon footprint, after all…
    1 Jun, 05:35 PM Reply Like
  • nemonemo
    , contributor
    Comments (322) | Send Message
     
    Will Al Gore and Bloomberg (along with their buddy Obama) POS pay those 3000 to feed their families.
    1 Jun, 01:00 PM Reply Like
  • Seth Walters
    , contributor
    Comments (675) | Send Message
     
    America's companies continue to eat their seed corn. A bitter harvest will be reaped.
    1 Jun, 01:30 PM Reply Like
  • berbno1
    , contributor
    Comments (1357) | Send Message
     
    What an outrageously "unbiased?" worded "Breaking News," Interesting just how "out-of-the-loop" SA and commentors are. True "going green" is intended to drive down waste, improving profitability. Although I can imagine they have 3,000 office workers that can be considered waste in one form or another. Google "Muda." (or read about Ray Anderson, former CEO at Interface Carpet). The rest of the developing world is doing the very things that "we" say are too expensive, because they can't afford not to do them. 1) Reduce, 2) Reuse, 3) Recycle...the U.S. is doing it ass backwards..."low hanging fruit." Even the expression has gotten bastardized; talk to someone in an orchard industry, low hanging fruit is the easiest to reach, but not the best quality.
    1 Jun, 02:15 PM Reply Like
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