Procter & Gamble’s job cuts raise questions over possible impact on 2,300 staff and operations in Singapore
Singapore houses P&G’s Asia-Pacific headquarters and is a major research and development facility
[SINGAPORE] Procter & Gamble (P&G) has so far stayed silent about how its planned reduction of about 15 per cent of its global non-manufacturing workforce over the next two years will affect its operations in Singapore.
The consumer goods giant had on Thursday (Jun 5) announced at a Deutsche Bank conference in Paris that it would cut up to 7,000 such roles worldwide, and undertake a corporate restructuring that would involve divesting some of its brands.
P&G employs some 2,300 people in Singapore, which is home to its Asia-Pacific headquarters and a major research-and-development facility; the company also announced plans two years ago to build a manufacturing facility in Singapore.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
MAS convenes bank CEOs over AI cyberthreats; boards told to own risks, not leave to IT teams
Is it time to scrap COE categories for cars?