Feb 24, 201212:56 PMInvesting
P & G Announcement
This week, P&G announced plans to make cuts to non-manufacturing jobs to the tune of 4,100. This is in addition to the 1,600 already announced cuts in the form of early retirements. While the local impact to jobs and the company overall is unknown, it is a mixed bag of news as this will certainly bring some level of turmoil to the 12,000 P&G employees in our area. On the other side, it could be the restructuring investors need to get the company back growing in the manner it has for generations.
Much of the area media covered the announcement and its impact on local investors. I was honored to be a part of WCPO’s coverage. As the news likely impacts, either directly or indirectly, many Venue readers and their friends and family, I wanted to share some of what was released.
More news will certainly be to come as restructuring begins in the summer and should be completed by 2016. We’ll continue to follow the story for this blog as warranted.
Have a great weekend!
Chip Workman, CFP®