Jobs are being cut-off everywhere!

Greetings,

Wake up and smell the collapse. All across America there are lay-offs . There are more news of pending firings and lay-offs to come. Hunger is exploding.

America’s economy is in a downward spiral and it is tailspinning into oblivion. Death is certain. There is a growing discontent boiling over from the people.

She is under a terrific drought. Her currency is being rejected globally. There is high unemployment.

The poverty rate is unheard of. Murder seems to have no bounds. People are being forced into do or die situations. The land is covered with pessimism ,but this is not confined to America.

The Western world is in trouble. Everything is collapsing. There is no stability in the currencies, the markets, nor in government.

P&G cutting more office jobs, up to 6,000 worldwide

(CINCINNATI) Procter & Gamble will cut another 3,000 to 6,000 office jobs worldwide in the next two years, senior executives said Thursday.

An unknown number of cuts could occur here, where the company is headquartered and has only 90 manufacturing jobs.

Details of the additional job cuts came as chief financial officer Jon Moeller updated analysts and reporters after the company posted lackluster financial results for P&G’s third quarter. P&G (PG) has been cutting thousands of jobs since February 2012 when it first announced it would slash 5,700 jobs or 10% of its nonmanufacturing jobs.

In the past three years, P&G has cut a total of nearly 11,000 office jobs and another 10,000 manufacturing jobs worldwide.

On Thursday, Moeller said P&G would end up cutting 25% to 30% of office jobs by mid-2017. The company already has cut 19% of those positions.

“We’re increasing our overhead enrollment reduction target, … reflecting additional opportunities we see,” Moeller said.

P&G factories have achieved a net reduction in jobs despite a worldwide factory building boom, he said. The company plans at least another 18 projects for new or expanded plants overseas.

Moeller’s update built on previous job-cutting guidance that predicted 18% to 22% of nonmanufacturing jobs would be cut by the end of this fiscal year and that the company would target additional cuts of 2% to 4% a year going forward.

P&G did not mention future manufacturing job cuts. The update came after P&G reported disappointing revenue results and lowered its sales outlook because of currency exchange rates.

Foreign exchange shaved 8% off its sales results and divestitures of minor brands cut another 1%.

P&G reported a $2.2 billion quarterly profit, a 17% decrease from the same period a year ago. The consumer products giant’s bottom line took a $300 million after-tax hit from a noncash charge against its Duracell batteries business that it is in the process of selling.

Last year, P&G netted a $2.6 billion profit on $20.6 billion during the third quarter.

Sales declined 8% to $18.1 billion for P&G’s fiscal third quarter ended March 31. Organic sales, which exclude the effect of foreign exchange, divestitures or acquisitions, rose 1%….More Here

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