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Parent's plans unlikely to bring major changes says P&G India - Views on News from Equitymaster
 
 
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  • Jun 11, 1999

    Parent's plans unlikely to bring major changes says P&G India

    The Indian operations of Procter & Gamble is unlikely to face any major change following the group's global restructuring, according to analysts here.

    The company spokesman for P&G India, a 51% subsidiary of P&G, US, said that the company is yet to receive the restructuring plan for its Indian operations. He was quoted as saying, "for India there might be stress on realigning the products". Industry sources were of the view that there might not be a major restructuring for India as it is the 2nd largest consumer of P&G products in Asia.

    P&G, US, had earlier announced that it will prune around 15,000 workers worldwide and close 10 plants to cut costs and free more money for new products. By these cuts, P&G, US, plans to save US$ 900 m by FY2004. The company plans to spend the savings on developing new products and speeding their introduction worldwide to jumpstart sales.

     

     

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