P&G outlines further job cuts

Procter & Gamble (P&G) plans to trim more non-manufacturing jobs through 2016, on top of cutting 10 per cent of that workforce by the end of June, it said yesterday. P&G also said it may increase stock repurchases to $6bn from $4bn, but said such additional buybacks should not have a big impact on earnings per share. P&G maintained its forecasts for sales and earnings for the current quarter.