Procter & Gamble (P&G) is planning to eliminate 7,000 jobs, or about 6% of its workforce, over the next 2 years as part of a restructuring.
“This is not a new approach, rather an intentional acceleration of the current strategy…to win in the increasingly challenging environment in which we compete,” P&G executives said at a Deutsche Bank Consumer Conference in Paris on June 5.
The restructuring comes as the consumer goods giant braces for muted demand in 2025 amid the ongoing US trade war.
P&G is anticipating a before-tax hit of approximately $600 million in its fiscal year 2026 — based on current duties imposed by the Trump administration.
Samfiru Tumarkin LLP is working to determine if any Canadian employees at P&G are affected.
According to LinkedIn, the company has more than 1,500 workers in the country.
If you’re fired or let go from P&G, understanding your legal rights is crucial.
Non-unionized employees in Canada are entitled to severance pay. This includes individuals working full-time, part-time, or hourly in Ontario, Alberta, and British Columbia (BC).
The amount you’re owed is based on a variety of factors, including your role, tenure, age, and ability to find similar work.
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