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In Brief: P&G

This article was originally published in The Tan Sheet

Executive Summary

P&G: Expects additional savings of $100 mil. in 1996/1997 from its restructuring program, Chairman and CEO John Pepper said Nov. 1 at his first analysts meeting since taking the helm. P&G had predicted that under the restructuring effort, announced in 1993, it would reduce costs by $500 mil. after taxes by 1995/1996. Pepper noted that P&G achieved 80% of that goal, or $400 mil. in savings, by the end of last fiscal year. The extra savings will help P&G offset some of the problems it is having in Mexico as well as new business investments, he added...
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