According to the Cincinnati Enquirer -- which notoriously coddles P&G -- the total reduction in headcount is 3.2% so far, down to 92,000 employees worldwide. They report that 36,000 employees have been laid off since 2012.
The problem facing this city is that 10,000 people here work for P&G. The apparent mismanagement and subsequent workforce reductions could heavily-damage an already-struggling local economy.
Procter & Gamble disclosed Tuesday it has shrunk its payroll to 92,000 worldwide – 3,000 fewer jobs than a year ago, a 3.2 percent reduction in headcount.
More job cuts are coming, the company said.
The consumer products giant employs about 10,000 in Greater Cincinnati. It has been under intense pressure to lower costs as its restructuring efforts have dragged on for much of this decade and sales growth has failed to rebound.
Tuesday's disclosure revealed the company paid separation packages to 2,700 former employees in the latest fiscal year ended June 30 – including 1,300 in the fourth quarter.
Cincinnati-based P&G has cut 36,000 jobs since it first announced major layoffs in the spring of 2012.