Procter & Gamble is closing its Stamford, Conn., manufacturing and administrative site in early 2010, the company announced yesterday.
Stamford is home to more than 615 full-time employees, and is where the beauty giant's retail hair color and Clairol Professional products are made and managed. Production of products, such as the Nice 'n Easy, Hydrience and Natural Instincts brands will be moved to two company-owned sites, one in Andover, Mass., a Gillette plant, and one in Mariscala, Mexico, a Wella plant. Clairol Professional will be overseen at P&G's Woodland Hills, Calif., offices, where Wella is based, and retail hair care will move to Cincinnati, where the firm's headquarters is located. P&G acquired Gillette for $57 billion in 2005 and Wella in 2003 for approximately $7 billion.
According to a statement issued by the company, the decision to consolidate was "based on the results of a study to determine the best location of administrative and manufacturing operations to ensure the long-term success of the P&G hair care business…and 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 is offering transfers to approximately 200 employees. The remaining 415 positions will be eliminated. By the time of the closing, more than 180 employees will qualify for retirement. Employees that do not transfer "will receive separation support including pay and benefits for up to 12 months, outplacement assistance and a retraining allowance," the statement said.
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