Colgate to Cut 6% of Jobs in Restructuring Program
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Colgate-Palmolive Co., the world’s largest toothpaste maker, will cut its global workforce by 6 percent, or about 2,300 jobs, in a four-year restructuring program aimed at cutting costs amid slowing economies.
By 2016, the plan will result in charges of $1.1 billion to $1.25 billion before taxes, the New York-based company said today in a statement. The company currently has 38,600 employees.