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Wella To Cut 1,200 Jobs As P&G Moves In

November 22, 2005

Wella will cut 1,200 jobs in production and distribution as it consolidates its operations with those of its new owner, Procter & Gamble Co.
About 200 of the jobs that will be eliminated in the next 12 to 24 months are in Germany, the Darmstadt-based company said, while the rest are spread across the U.S., Mexico, South Korea, Indonesia and elsewhere. The company would not break down how many jobs will go in which country.
“With the cooperation in the area of production and distribution, synergies should be achieved for both Wella and P&G through the bundling of each other’s strengths and through the reduction of overcapacity,” a Wella statement said.
The cuts “affect about 18% of the worldwide Wella workforce in production and distribution,” it said. “Moreover, globally some 300 P&G workers will also be affected.”
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