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Head count to fall below 100,000.
August 11, 2015
By: TOM BRANNA
Editor
Fewer brands mean fewer employees. Another round of job cuts is expected at Procter & Gamble, now that the company announced the $15 billion sale of several beauty brands to Coty. With names like Wella, CoverGirl and Max Factor, removed from its roster, the deal is expected to impact 10,000 P&G workers around the world, including about 1,500 in the US. The transaction, expected to close in late 2016, will also transfer ownership of eight factories and nine distribution centers, includi...
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