PROCTOR & GAMBLE SHRINKS.

Author:Bustos, Sergio R.
Position::Brief Article
 
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Proctor & Gamble is consolidating its Latin American business operations in San Jose, Costa Rica. The move is part of P&G's global restructuring plans to have seven "global business units" based on product lines instead of four business units based on geography, says CEO Durk I. Jager.

The plan includes cutting 15,000 employees worldwide (2,450 in Latin America) over the next five years and turning its Latin American headquarters in Caracas into the global headquarters of its food and beverage business unit. The center in Costa Rica will employ an estimated 1,500...

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