• SPAIN: Procter & Gamble is cutting approximately 150 jobs in Spain and Portugal following the decision to integrate hygiene company Arbora & Ausonia (A&A) into its existing operations.
P&G acquired all of A&A, which makes diapers, Tampax tampons and adult incontinence products, last year after food company Agrolimen sold its 50% stake in the firm. Last year, A&A had sales of $665 million in Spain and about $130 million in Portugal.
P&G said the plan focused on 300 jobs at A&A’s main offices in Barcelona and Lisbon and in its sales networks. P&G employs 2,500 in Spain and said it expected to offer new jobs to about 150 workers. A&A’s plants in Montornes, Mequinenza and Jijona, Spain would remain in operation, P&G said in a statement.