P&G SHUTTING DOWN THREE MANUFACTURING FACILITIES
This article was originally published in The Rose Sheet
Executive Summary
P&G SHUTTING DOWN THREE MANUFACTURING FACILITIES and shifting some production lines at four additional plants over the next 30 months, the firm announced May 19. The closures, which include a health and beauty care products manufacturing plant in Hatboro, PA, a pharmaceuticals factory in Manati, Puerto Rico and a throat drop manufacturing facility in Torshalla, Sweden, are part of a major manufacturing restructuring program announced by Proctor and Gamble in July ("The Rose Sheet" July 19, p. 5.). The program, expected to save $500 mil. after taxes by fiscal 1996, will cut a total of 6,500 jobs and approximately 30 manufacturing plants.