Procter & Gamble, one of Ohio’s and the region’s biggest employers, discusses recent job cuts in its new annual report, and the company says that further “restructuring” is ongoing.
The Cincinnati-based company said in its annual report filed Tuesday that it saw “employee separation” charges for 2,720 employees for the fiscal year that ended June 30, 2018 and 2,120 employees for the same period ending in 2017.
There were no job cuts at the company’s Union distribution center, a company spokesman said Wednesday morning.
The company in 2012 launched “a productivity and cost savings plan” to reduce costs. particularly in the areas of supply chain, research and development, marketing and overheads, P&G said in the report, which was filed with the Securities and Exchange Commission.
Restructuring costs are primarily tied to employee separations, P&G said.
“Savings generated from restructuring costs are difficult to estimate, given the nature of the activities (and) the timing of the execution,” the company said.
The company said it had 92,000 total employees in 2018, down from 95,000 workers in 2017 and 105,000 in 2016. Cincinnati-area employee is typically said to be around 10,000 employees.
The consumer and household products giant incurred about $1.07 billion in restructuring costs in the year that ended June 30, 2018 and $754 million for the previous year.
P&G has a large distribution operation in Union, a 1.7 million-square-foot center near the Dayton International Airport, which opened in 2015. About 760 people work there.
More than a third of P&G’s products move through the facility. DHL has about 520 employees at the site; Impact Fulfillment Services has about 100; P&G has about 140.
P&G also has a “beauty and innovation” center and campus in Mason.
Questions were sent to a P&G spokesman.