Company News, Financial News

Colgate Plans to Restructure, Cut Jobs

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By: TOM BRANNA

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Colgate-Palmolive Company announced a four-year restructuring and business-building plan. About 12% of the company’s 37,000 employees will be affected by the changes. The plan includes three major objectives: to further increase the company’s gross and operating profits by generating additional savings; to accelerate innovative marketing and new products and to maximize the effectiveness of global advertising and commercial investment funds. Reuben Mark, chairman and chief executive officer,...

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