Procter & Gamble Project is a billion-dollar hit from Trump’s tariffs
Procter & Gamble warns of an additional $1 billion incurred by President Trump’s tariffs. (Scripps News)
Scripps News
- Procter & Gamble will halt operations in Pakistan as part of a larger restructuring plan.
- Instead, the company uses third-party distributors to sell its products domestically.
- The decision follows similar withdrawals from Bangladesh, Argentina and Nigeria.
According to a news report, Procter & Gamble will halt operations in Pakistan as part of a two-year restructuring plan.
According to Reuters, the Cincinnati-based consumer products giant has revealed plans to abolish manufacturing and commercial activities in Pakistan and rely on third-party distributors and rely on domestic customers.
Ends part of the P&G reorganization
The move comes after P&G said it would withdraw from Bangladesh as part of its plan to cut 7,000 non-manufacturing jobs announced in the summer. By mid-2027, makers of Tide Detergent and Gillette Razors said they would cut 6.4% of their 109,000 employees worldwide to free up money and reinvest in their businesses.
P&G’s heavy-duty plan is the company’s hometown where the company employs around 10,000 office workers primarily.
International sales portion of poor performance
The P&G cut comes after organic sales growth in 2024 (excluding the impact of foreign exchange, acquisitions and divestiture) slowed to a seven-year low. The company has vowed to consider businesses that include slowing the international market.
In July, P&G revealed that the core markets in the US, China, Japan, Canada and Western Europe had grown organic sales by 2% last year, while the “enterprise market” grew by just 1%. P&G has previously left the entire country. Last year, in 2023, it closed its operations in Argentina and Nigeria.
