P&G Freezes New Hiring of Full-Time Employees, FTD Reports

Procter & Gamble Co. (PG) has stopped hiring full-time employees amid slower-than-expected growth, Financial Times Deutschland reported, citing a company spokesman it didn’t identify.

With the exception of Germany, the company sees growth slowing in Europe and the U.S., the newspaper reported in an advance release of an article to be published tomorrow, citing the spokesman. Growth in Asia is below expectations, the spokesman also said, according to the newspaper.

The move is a short-term measure that can be lifted on short notice, FTD reported.

To contact the reporter on this story: Stefan Nicola in Berlin at snicola2@bloomberg.net

To contact the editor responsible for this story: Angela Cullen at acullen8@bloomberg.net

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