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| Topic: |
Business
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| Number of pages / Number of words: |
3 / 767 |
Essay's paper body
It said most of the cuts would come from eliminating management overlaps and consolidation of business support functions.
The current value of the planned cost savings should come to $14 billion to $16 billion, according to the company's statement. P&G CFO Clay Daley said the companies expect to see more than $1 billion a year in cost savings by the third year after the merger...
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P&G CFO Clay Daley said the companies expect to see more than $1 billion a year in cost savings by the third year after the merger.
He also said that some of the staff cuts will come from the P&G side of combination, not just the Gillette side.
P&G has 16 products that have sales of more than $1 billion each, and Gillette has another five, and with the companies' expanded rosters of must-have brands, they will have great leverage in negotiation with retailers for the all-important display space...
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