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Playtex Announces Restructuring Program

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By: TOM BRANNA

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Playtex Products, Inc. announced a restructuring plan in which it will focus on its core segments of feminine, infant and skin care products. According to the company, the new realignment plan will cut costs by $12-14 million this year and $22-24 million by 2006. Playtex said its previous restructuring plan, which began in 2003, will lead to cost savings of $34-38 million by 2006.“Our goal over the next three to four years is to build profits as expressed to at least $200 million versus ou...

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