Procter Gamble Co Layoffs

Procter & Gamble Co. said Wednesday that it will trim 15,000 jobs worldwide, close about 10 plants and take charges of $1.9 billion under its 9-month-old restructuring plan. The nation's largest maker of household products, whose brands include Tide detergent, Crest toothpaste and Pampers diapers, said the moves will save $900 million a year that it can spend on new products. P&G in September said it would organize its business along product lines, instead of regions.

Procter & Gamble Co. said Wednesday that it will trim 15,000 jobs worldwide, close about 10 plants and take charges of $1.9 billion under its 9-month-old restructuring plan. The nation's largest maker of household products, whose brands include Tide detergent, Crest toothpaste and Pampers diapers, said the moves will save $900 million a year that it can spend on new products. P&G in September said it would organize its business along product lines, instead of regions.