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IN THE NEWS
P&G to Close Clairol Hair-Care Plant in Connecticut
2007-06-08 | 11:18
Procter & Gamble Co. (P&G) announced it will close its hair-care product plant with 615 employees in Stamford, Conn. by early 2010.
Procter & Gamble Co. (P&G) announced it will close its hair-care product plant with 615 employees in Stamford, Conn., by early 2010.
Some 200 employees at the Clairol plant will be offered transfers to other P&G locations, including 150 to the Cincinnati area where P&G is based. P&G said 415 jobs will be eliminated, with 180 of those employees qualifying for retirement.
P&G has been cutting production and jobs at the plant since buying Clairol in 2001 from Bristol-Myers Squibb Co. The plant makes hair-color products and some hair styling products.
P&G said it will provide workers with assistance including pay and benefits for up to a year, outplacement help and a retraining allowance as jobs are eliminated leading up to the closure.
The plant's work will move to P&G facilities in Mariscala, Mexico; Andover, Mass.; Woodland Hills, Calif. and Cincinnati.
"This decision will enable P&G to create better long-term economics, generate additional manufacturing scale, a more robust research and development infrastructure, and greater organizational capability," the company said in a statement.
Some 200 employees at the Clairol plant will be offered transfers to other P&G locations, including 150 to the Cincinnati area where P&G is based. P&G said 415 jobs will be eliminated, with 180 of those employees qualifying for retirement.
P&G has been cutting production and jobs at the plant since buying Clairol in 2001 from Bristol-Myers Squibb Co. The plant makes hair-color products and some hair styling products.
P&G said it will provide workers with assistance including pay and benefits for up to a year, outplacement help and a retraining allowance as jobs are eliminated leading up to the closure.
The plant's work will move to P&G facilities in Mariscala, Mexico; Andover, Mass.; Woodland Hills, Calif. and Cincinnati.
"This decision will enable P&G to create better long-term economics, generate additional manufacturing scale, a more robust research and development infrastructure, and greater organizational capability," the company said in a statement.
