Procter & Gamble to close manufacturing plant in Puerto Rico, lay off 230 workers
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Procter & Gamble Co. says it is closing a manufacturing plant in Puerto Rico and laying off some 230 employees.
A company statement Friday says the plant in the southern town of Cayey will close in the next nine to 12 months. Officials said the company will move operations to a plant in North Carolina as part of an overall restructuring.
Procter & Gamble manufactures Olay skin care products at the Cayey plant, which it bought in 1985.
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The announcement comes as the U.S. territory pushes to diversity its manufacturing sector amid an economic crisis that has seen several plants close in recent years.