3 d. ago Procter & Gamble to cut up to 7,000 jobs amid economic and tariff pressure

The Tide detergent and Pampers maker plans global restructuring as US consumers pull back and trade costs riseProcter & Gamble will cut up to 7,000 jobs, or approximately 6% of its global workforce, in the next two years as the maker of Tide detergent and Pampers diapers wrestles with tariff-related costs and customers who have grown anxious about the economy. The job cuts, announced at the Deutsche Bank consumer conference in Paris on Thursday, make up about 15% of its current non-manufacturing workforce, said chief financial officer Andre Schulten. “This restructuring program is an important step toward ensuring our ability to deliver our long-term algorithm over the coming two to three years,” Schulten said. “It does not, however, remove the near-term challenges that we currently face.” Procter & Gamble, based in Cincinnati, had approximately 108,000 employees worldwide in June 2024. The cuts are part of a broader restructuring program. Procter & Gamble will also end ...

Economics

3 d. ago Broadband expert shares simple ways to cut streaming subscription costs this month

Almost 70 per cent of UK households pay for at least one streaming service.

Politics

1 week ago European companies cut costs, scale back investments in China as its economy slows

European companies are cutting costs and scaling back investment plans in China as the economy slows and fierce competition drives down prices

Economics

1 week ago How WILL you pay for that, Nigel? Farage admits Reform's costings might be 'optimistic' as he vows '£80bn' tax cut while axing two

Nigel Farage trolled that Keir Starmer is 'terrified' of the threat from the insurgents as he committed to scrap the two-child benefit cap and fully restore winter fuel payments.

Economics

1 week ago Keir Starmer considering DWP benefit cut changes after PIP backlash

The Prime Minister is said to be considering “tweaks” to welfare cuts planned by the Government

Politics

2 w. ago Dundee University strikes: Staff in new walkout over hundreds of threatened job cuts

The strikes come in response to the university’s decision to cut 700 jobs

Events

2 w. ago Dundee University facing staff strikes over 700 threatened job cuts

The strikes come in response to the university’s decision to cut 700 jobs.

Events

2 w. ago Major UK supermarket makes big change that not everyone will like

As UK supermarkets look to cut costs, one major High Street name has confirmed its scrapping a much-needed aspect of its stores, and instead bringing in a high-tech replacement

Politics

2 w. ago Missile manufacturer to create 700 jobs in huge £200m investment for Greater Manchester

Missile manufacturer MBDA has unveiled a £200m programme

Economics

2 w. ago Harvey Nichols could scrap its luxury hampers in bid to cut costs

The department store business is undergoing a three-year turnaround programme under recently-appointed boss Julia Goddard

Politics

2 w. ago Vodafone swings to loss but says German arm will return to growth this year

The group slumped to an annual operating loss of 411 million euros (£346 million) against earnings of 3.67 billion (£3.09 billion) the previous year.

Politics

2 w. ago Superdrug expert shares ‘prescription price hack everyone should know’

Some simple requests before you pay could cut down the cost of the exact same medications

Events

3 w. ago Avoid using your washing machine during these specific hours to cut energy costs

Washing machines are one of the most energy-hungry appliances in your home, but you could cut costs this summer by making one simple change to your washing routine

Politics

3 w. ago ALEXANDRA SHULMAN'S NOTEBOOK: If Burberry suffers, it's bad news for small labels

There was less cheering news at Burberry , where 1,700 staff are losing their jobs. This matters. Burberry is the standard-bearer for UK fashion and our only brand with true global resonance.

Politics

3 w. ago Fears of 'mutiny' as Good Morning Britain faces biggest overhaul in its 11

With viewing figures now on the slide, Good Morning Britain is facing the biggest overhaul in its 11-year history as bosses try to cut costs.

Politics

3 w. ago Fortnite unavailable on iPhones globally after Apple rejects App Store release

Latest twist in a contest between iPhone maker and Epic Games over payments for hit game on Apple devicesEpic Games says Fortnite is now unavailable on iPhones and iPads globally because Apple blocked a bid to release the popular video game in the App Store in the US and Europe.“Apple has blocked our Fortnite submission so we cannot release to the US App Store or to the Epic Games Store for iOS in the European Union,” the X account for Fortnite posted early Friday – claiming that Apple’s move would now prevent the game’s iOS availability around the world. Continue reading...

Politics

3 w. ago Britain 'has asked to rejoin EU's pet passport scheme' to cut cost of taking animals to the continent

Some 250,000 UK pet owners were estimated to have taken their cats and dogs on holiday to the EU every year before Britain left the scheme when the Brexit transition period ended in January 2021.

Politics

3 w. ago Britain’s biggest pawnbroker H&T snapped up by US firm for £297m; Goldman Sachs lifts UK and eurozone growth forecasts – business live

China issues warning to UK over terms of US trade deal, saying it is a ‘basic principle’ that bilateral agreements should not target other nationsHere’s our full story on the Co-op saying that that stock availability in its stores will not improve until this weekend, as it struggles to recover from a cyber-attack two weeks ago.And our full take on Burberry’s planned 1,700 job cuts. Continue reading...

Economics

3 w. ago Burberry to cut up to 1,700 jobs worldwide in bid to slash costs

The majority of reductions are set to come from head office-based teams around the world, led by the UK where there is a bigger proportion of staff.

Politics

3 w. ago Burberry: share price and stock news as iconic fashion brand announces plans for 1,700 job cuts

The luxury giant is stepping up its turnaround plan as demand dips 📉g

Economics