Colgate-Palmolive to cut 4,400 jobs in restructuring
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Colgate-Palmolive Co. , the consumer products giant behind brands like Ajax detergent and Irish Spring soap, plans to cut its worldwide workforce by about 12 percent, or about 4,400 jobs, and close one-third of its factories as part of a four-year plan aimed at boosting its sales and profits. Its stock climbed nearly 8 percent.
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Electrical systems maker American   Power Conversion Corp. APCC.O said on Friday it will cut 4   percent of its global work force, or about 330 jobs, as part of   an ongoing cost-cutting bid.
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Bank of America Corp. said yesterday it will eliminate 4,500 more jobs as it absorbs the operations of FleetBoston Financial Corp.
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For months, Colgate executives have been hinting that a restructuring was imminent. Still, the scope of the plan that has been unveiled is larger than many analysts had anticipated and is expected to cost $550-$650 million after taxes.
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CHARLOTTE, NC - Bank of America said Thursday it will cut about 4,500 jobs beginning this month as a result of its merger with FleetBoston Financial Corp.
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Colgate-Palmolive, the US consumer products company, has said that it plans to close about a third of its factories and cut more than 4,400 jobs over the next four years as part of a major restructuring effort to increase profit margins.
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Colgate-Palmolive said that it would close about a third of its factories and cut more than 4,400 jobs over the next four years.
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Colgate-Palmolive Co. CL.N on Monday  issued its first formal profit warning in almost a decade,  saying earnings will fall well short of Wall Street forecasts  due to higher marketing spending, sending its shares down 11  percent to a four-year low.
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Description: Colgate-Palmolive says it will cut more than 4,000 jobs and close a third of its factories worldwide. The company plans to use the savings for advertising and new product development.
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NEW YORK CITY - Colgate-Palmolive Co. announced its plans on Tuesday to axe about 4,400 jobs and close one third of its 78 plants worldwide.
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All part of the same cull Alcatel-Lucent said today that it plans to slash 400 jobs in France as part of its brutal cost-cutting strategy to axe 4,000 employees worldwide.â¦
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Pressured by global competition, Colgate-Palmolive announced today that it would cut jobs and close plants to increase profit margins.
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Colgate-Palmolive, the consumer products company, said yesterday that it would close about a third of its factories and cut more than 4,400 jobs over the next four years as part
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Colgate-Palmolive said today that it would close about a third of its 81 factories and cut more than 4,400 jobs over the next four years in a major effort to increase profit margins pressured by global competition.
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Bank of America said yesterday that it would cut another 4,500 jobs in the wake of its $47bn merger with rival bank FleetBoston. The cuts amount to 2.5% of the combined group&#39;s workforce.
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Ford Motor Co.  on Friday said it  would cut fourth-quarter production by 21 percent and also  reduce third-quarter production to accelerate its turnaround  plan.
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The cellphone-network equipment maker said that it would cut up to 4,000 jobs, about 5.4 percent of its work force, after profit plunged 42 percent in the fourth quarter.