Kimberly-Clark to reorganize business, incur $1.5 bln in costs [Reuters]
Procter & Gamble Company (The) (PG)
Last procter & gamble company (the) earnings: 4/17 07:00 am
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Source: Reuters
The Irving, Texas-based consumer goods maker said it would incur about $1.5 billion in related costs over the next three years. Cash costs are expected to be about half of that amount, primarily related to workforce reductions, it said in a filing without disclosing the number of jobs it would cut. The restructuring comes at a time when the company is seeing benefits from its consistent price hikes wane and inflation-stricken customers pull back on purchasing its pricier products. Kimberly-Clark, like its peers Procter & Gamble (PG.N) , opens new tab and Unilever (ULVR.L) , opens new tab , is also losing shelf-space at retailers to more affordable private-label alternatives. The company's reorganized segments will now include its business in North America, the international personal care segment and the international family care and professional businesses. It previously had three business segments — personal care, consumer tissue and Kimberly-Clark professional — with each
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PG
Earnings
- 4/19/24 - Beat
PG
Sec Filings
- 4/25/24 - Form 144
- 4/24/24 - Form 4
- 4/24/24 - Form 424B5
- PG's page on the SEC website