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WAY. THE CINCINNATI BASED MAKER OF PAMPERS AND TIDE DETERGENT PLANS TO RAISE PRICES BECAUSE OF TARIFFS. THANKS FOR JOINING US AT 530. I’M ASHLEY KIRKLEN AND I’M CHRIS JACOBS. PROCTER AND GAMBLE IS NAVIGATING A HOST OF HEADWINDS INCLUDING TARIFFS IN THE ANXIETY. MORE SHOPPERS ARE STARTING TO FEEL. WLWT NEWS FIVE’S TODD TODD -- IS LIVE WITH WHAT COMPANY OFFICIALS ARE FOCUSED ON TONIGHT. HEY, TODD. HI. CHRIS AND ASHLEY. YOU KNOW, WE HAVE A MUCH BETTER HANDLE ON THE STEPS THAT P&G PLANS TO TAKE TO KEEP GROWING SALES AND PROFITS, OF COURSE. LAST MONTH, THE COMPANY ANNOUNCED THAT AROUND 7000 WHITE COLLAR JOBS WILL BE GOING AWAY IN THE NEXT COUPLE OF YEARS. AND TODAY WE LEARNED THAT PRICES ON CERTAIN ITEMS WILL BE GOING UP AS WELL. DURING A TWO HOUR EARNINGS CALL THIS MORNING, TOP LEADERS FOR PROCTER AND GAMBLE SAID SALES AND PROFITS HAVE BEEN RISING DESPITE SHIFTING WINDS CAUSED BY THINGS LIKE TARIFFS, CONSUMER ANXIETY, INFLATION AND QUESTIONS ABOUT IMMIGRATION. SO THERE’S JUST ALL THOSE UNCERTAINTIES THAT ARE OUT THERE. CEO JOHN MUELLER IS CONFIDENT THAT A RESTRUCTURING PLAN OUTLINED LAST MONTH WILL HELP P&G REMAIN STEADY IN A ROCKY BUSINESS ENVIRONMENT. THESE ARE WELL THOUGHT OUT PLANS, NOT KNEE JERK REACTIONS TO RECENT SLOWER MARKETS OR HIGHER COST IMPACTS. THE PLAN CALLS FOR 7000 WHITE COLLAR JOBS TO DISAPPEAR, UNNERVING SOME LOCAL FAMILIES WITH TIES TO THE COMPANY’S HEADQUARTERS IN DOWNTOWN CINCINNATI. THERE’S A DEGREE OF CONCERN WITHIN THE ORGANIZATION, WHICH IS UNDERSTANDABLE. OUR JOB IN THE FACE OF UNCERTAINTY IS TO STEP FORWARD, NOT BACKWARD. AND WE WILL DO THAT. I THINK THE RESTRUCTURING IS A REFLECTION OF OUR COMMITMENT TO DO TO DO THAT. BASED ON THE NEW PLAN, IT APPEARS SOME P&G PRODUCTS ARE ALSO ON THE CHOPPING BLOCK, INCLUDING SOME FEMININE CARE PRODUCTS IN PARTS OF ASIA AND CERTAIN CATEGORIES ELSEWHERE IN THE WORLD. HERE IN THE U.S., LOOK FOR TARIFF RELATED PRICE HIKES OF ABOUT 5% ON A QUARTER OF THE ITEMS P&G SELLS IN STORES, BIG AND SMALL. OUR OUTLOOK INCLUDES $1 BILLION BEFORE TAX IN HIGHER COSTS FROM TARIFFS. WE WILL LOOK FOR EVERY OPPORTUNITY TO MITIGATE THESE IMPACTS, INCLUDING SOURCING FLEXIBILITY, PRODUCTIVITY IMPROVEMENTS AND PRICING. NOW, DURING TODAY’S EARNINGS REPORT, WE ALSO LEARNED MORE ABOUT SHAILESH JEJURIKAR. HE’S A LONGTIME P&G VETERAN WHO WILL TAKE OVER AS CHIEF EXECUTIVE OFFICER OF THE CONSUMER PRODUCT GIANT STARTING IN JANUARY. REPORTING LIVE TONIGHT, TODD --, WLWT NEWS FIVE. TODD, DID COMPANY OFFICIALS GIVE ANY INDICATION ABOUT WHEN AND HOW THE 7000 JOB CUTS WILL HAPPEN? CHRIS. THAT’S WHAT EVERYONE AROUND HERE WANTS TO KNOW, RIGHT? WELL, TODAY, CEO JOHN MUELLER SAID THE COMPANY WILL DISCONTINUE BUSINESS OPERATIONS IN BANGLADESH, THOUGH IT’S NOT CLEAR EXACTLY HOW MANY JOBS THAT WILL IMPACT IN GENERAL. MUELLER SAID OTHER CUTS HAPPENING DURING THE NEXT TWO YEARS WILL BE DRIVEN BY LEADERS OF P&G, VARIOUS BUSINESS UNITS. IN FACT, HE SAID, MORE CONVERSATIONS ABOUT DOWNSIZING WILL HAPPEN WHEN COMPANY LEADERS MEET RIGHT HER