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Energizer To Slash Workforce Due to Dead Battery Sales

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By: TOM BRANNA

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Apparently, you can’t jumpstart a company with dead batteries. Energizer Holdings said weak battery sales were the reason why it was cutting more than 10% of its workforce, or about 1,500 people. Plans include closing or streamlining battery factories and packaging facilities in the United States, Malaysia and Canada and streamlining lights manufacturing in China. Energizer expects pre-tax cost savings of about $200 million from the restructuring, and said the majority of its char...

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