The Wall Street Journal reports P&G
to outsource 80% of back-office jobs
Procter & Gamble Co. is working on a deal to outsource
about 80 percent of its back-office functions, a move that
would affect about 5,700 of the company's employees
The Wall Street Journal reports that P&G Chief Executive
A.G. Lafley told employees in a June 13 conference call that
he expects to make a decision on the outsourcing pact by the
end of the year. Sources told The Journal that the deal is
worth about $1 billion a year and would last for seven to
10 years. If those figures are correct, it would make the
deal one of the largest outsourcing agreements ever.
The
5,700 employees affected by such a deal would be transferred
to the outsourcing firm.
EDS and Affiliated Computer Services Inc are in the running
for the $1 billion carrot.
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