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Procter & Gamble cuts Irish workforce in 'challenging year'

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Procter & Gamble's corporate headquarters in Cincinnati. Photo: Getty

Procter & Gamble's corporate headquarters in Cincinnati. Photo: Getty

Procter & Gamble's corporate headquarters in Cincinnati. Photo: Getty

Pre-tax profits at the manufacturing arm of consumer healthcare giant Procter & Gamble decreased marginally to €11.68m last year.

New accounts just filed by Procter & Gamble (Manufacturing) Ireland Ltd show that revenues rose by 3.6pc to €96.77m.

Numbers employed by the firm last year decreased from 652 to 626 with staff costs totalling €43.73m.

The firm operates plants in Newbridge and Nenagh and according to the directors' report "the financial year ended June 30, 2015, has been challenging for both sites with Newbridge growing by 1pc and Nenagh decreasing by 7pc".

The directors state that initiatives have been taken at both sites to remain cost competitive resulting in improved productivity metrics.

The directors add that cost remains a challenge with an increase in commodity prices being partially offset by internal cost savings and productivity initiatives.

The directors state that operational results for the year were satisfactory.

The company incurred redundancy costs at the Newbridge and Nenagh plants during the year "due to changes in headcount requirements as a result of productivity improvements". The total cost of the redundancies was €5m.

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