Procter & Gamble Sees Up to $1.6 Billion in Restructuring Charges

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.

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(END) Dow Jones Newswires

06-05-25 0633ET