Procter & Gamble overhauls corporate structure

Procter & Gamble yesterday announced the reorganization of the company's structure.

The Cincinnati-based consumer products giant announced it would place 60 percent of its corporate employees into six new "sector business units." The units are beauty, baby and feminine care, fabric and home care, family care, grooming and health care.

"This is the most significant organization change we’ve made in the last 20 years,” said CEO David Taylor.

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