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2,500 VOLUNTEER TO LEAVE P&G

Published on .

May 29, 2001

By Jack Neff

CINCINNATI (AdAge.com) -- Procter & Gamble Co. has received 2,500 applications for voluntary separation packages from U.S.-based white-collar employees, but the company said Saturday it can't yet project how many additional employees may need to be laid off.

Overall, P&G had targeted 3,400 U.S. jobs for elimination, preferably through buyouts, from among 17,400 jobs the company projects it will trim in all areas globally. But employees have until the end of June to decide whether to take the buyouts, and not all applications have yet been tabulated, a P&G spokeswoman said.

P&G won't comment precisely on where job reductions are targeted, but executives close to the company say some market research and marketing director positions are among those likely to be eliminated.

Copyright May 2001, Crain Communications Inc.

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