US EditionProcter & Gamble Cuts Operations in Another Country, Report Says
P&G ends direct operations in Pakistan to focus on third-party distributors, with Gillette Pakistan considering stock exchange delisting amid global restructuring.
- On Thursday, Procter & Gamble said it will wind down manufacturing and commercial activities in Pakistan, shifting to a third-party distributor model to serve consumers.
- P&G's cost-cutting plan involves cutting 6.4% of its 109,000 employees and follows exits from Argentina and Nigeria last year.
- Planning for the transition will begin immediately with an initial focus on affected employees while business continues in the ordinary course during the transition period; impacted employees may be offered overseas roles or separation packages.
- Gillette Pakistan Limited's board is expected to convene soon to assess steps that may include delisting, subject to legal and regulatory compliance, the company told the Pakistan Stock Exchange.
- Consumers in Pakistan will continue to have access to P&G products supplied from regional operations and local distribution partners, the company said, reflecting its presence in about 75 countries serving approximately 4.6 billion people.
14 Articles
14 Articles
P&G says it is winding down operations in Pakistan, will rely on ‘third-party distributors’
American multinational corporation Procter & Gamble said on Thursday that the company would wind down its manufacturing and commercial activities in Pakistan and rely on third-party distributors to continue to serve customers in the country as part of the consumer product group’s global restructuring programme. “We will continue to operate the business in the ordinary course until the process is complete, which may take several months,” said a s…
Procter & Gamble will shut down business in Pakistan, following Shell and Pfizer exits
Procter & Gamble is discontinuing its business operations in Pakistan, including manufacturing and Gillette Pakistan, opting for a third-party distribution model. This decision follows a global restructuring and makes P&G the latest multinational to exit the country, citing economic challenges like profit-repatriation curbs and weak demand, mirroring exits by Shell and Pfizer.
P&G’s Exit: A Headline, not a Harbinger
When Procter & Gamble announced its exit from Pakistan, the news cycle did what it often does: amplified, sensationalized, and unfortunately, weaponized. Some voices framed it as evidence that Pakistan is becoming “uninvestable.” But reality, backed by Hard data and global precedent, tells a different story. Exits Happen Everywhere Corporate exits are neither new nor […] The post P&G’s Exit: A Headline, not a Harbinger appeared first on TechJuic…
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