• Boston Globe, Friday, February 24, 2012 10:33 AM

Consumer products maker Procter & Gamble Inc. said Thursday it plans to cut 5,700 jobs over the next year and a half as part of a cost-cutting plan. Procter & Gamble says it plans to save $10 billion by the end of the fiscal year ending in June 2016.

The world’s largest consumer products maker, which makes items ranging from Luvs diapers to Bounty paper towels and Charmin toilet paper, has been experienced slowing sales volume in the U.S. as consumers continue to spend cautiously. The company also has faced high costs for fuel, packaging and other commodities.

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