PG Procter and Gamble Co

Procter & Gamble Co. (PG) is moving to downsize its staff through an early-retirement program, the Cincinnati Enquirer reported on its website Tuesday.

The Cincinnati-based consumer-products company sent a letter detailing the voluntary offer to employees last week, the website said.

P&G would not say what its job-cutting target is but did say it expects the offer will garner "a modest number of voluntary separations."

P&G is slated to report earnings on Thursday and may offer more details at that time.

Full story at http://news.cincinnati.com/article/20111025/BIZ01/310250085/P-G-downsizing-through-early-retirement?odyssey=tab|topnews|text|Business

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