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Procter & Gamble Cuts Workforce To Lowest Level Since 1991

October 3, 2016: 12:00 AM EST
Procter & Gamble has reduced its global workforce by 26.4 percent to 95,000 since it began a restructuring plan in 2012. After the transfer of 41 beauty brands to Coty Inc., 10,000 P&G workers will also move to the New York-based beauty company. As part of the purchase deal, Coty acquired eight factories from P&G and assumed $1.9 billion in debt.
Alexander Coolidge , "P&G workforce shrinks to smallest in 25 years", Cincinnati, October 03, 2016, © www.cincinnati.com
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