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Colgate to Restructure, Cut Jobs

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By: TOM BRANNA

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Colgate-Palmolive Company today announced a four-year restructuring and business-building plan that the company hopes will ensure continued growth in unit volume, sales and earnings per share. About 12% of the company’s 37,000 employees will be affected by the changes.Colgate executives said 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 via r...

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