[jsfg_cinti] P&G outsourcing its HR operations to ???

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Subject: [jsfg_cinti] Article from bizjournals.com: P&amp;G looking at bids for 
human resources
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Hello from bizjournals.com! Paul Bergé (pberge@xxxxxxxxxxxxx) thought you
might like the following article from the Cincinnati Business Courier:

The sender's comment about the article:

FYI. Big moves in the Cincinnati market. Opportunities for us??
Questionable........
Paul Bergé


P&amp;G looking at bids for human resources

------------------------------------------------------------
   Just a day after closing on a facilities management outsourcing deal
   with Jones Lang LaSalle, Procter & Gamble Co. is turning its attention
   to its human resources functions.

   The Cincinnati-based consumer goods giant is now looking at bids from
   four companies to take over its human resources operation, which
   includes travel, payroll and benefits management, according to a report
   by Bloomberg News.

   P&G spokesman Damon Jones told Bloomberg that Cincinnati-based Convergys
   Corp. is one of the bidders, along with Hewlett-Packard, International
   Business Machines Corp. and Accenture Ltd. Jones said the contract will
   likely be awarded this year, and 700 of P&G human resources employees in
   the United States, United Kingdom, Costa Rica and the Philippines would
   either be transferred to the new company or would lose their jobs.

   The company has not said how much the contract might be worth or how
   much P&G would save by outsourcing the human resources operations.

   P&G's recent moves to outsource parts of its operations are part of an
   overall plan to reduce costs and maximize profits. On May 6, P&G
   finalized a 10-year, $3 billion deal with Hewlett-Packard Co. to
   outsource information technology (IT) managed services. Then June 17,
   the company closed on an expansive five-year, $700 million facilities
   management outsourcing agreement with Jones Lang LaSalle. Each of those
   agreements has required hundreds of P&G employees to transfer to a new
   employer.



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