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At P&G, 120 Won’t Survive the Cut

Jobs eliminated following Coty deal


By: Tom Branna

At P&G, 120 Won’t Survive the Cut

It could have been worse. About 120 of Procter & Gamble's 10,000 local employees will no longer have jobs in Greater Cincinnati after they transition to positions with New York-based Coty Inc.

Cincinnati-based P&G (NYSE: PG) agreed to sell 41 specialty beauty brands to Coty in a $12.5 billion deal that will close later this year.

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