Colgate-Palmolive to cut 4440 jobs
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Colgate-Palmolive is to cut about 4,440 jobs -12 per cent of the workforce - and close roughly one-third of its factories amid fierce competition from Procter &amp; Gamble.
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Citing a difficult market for home builders, Pulte Homes Inc.  said on Tuesday it would cut 16 percent of its work force, adding to previously announced job cuts.
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The maker of such products as Colgate toothpaste, Palmolive soaps and Ajax cleansers said it will record a charge of US$45 million in the fourth quarter, the first in a series of charges to cover the costs of the plan.
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- Colgate-Palmolive Co.  said Chief Executive Officer Reuben Mark retired, effective July 1, and has been succeeded by Ian Cook, its chief operating officer.
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Colgate-Palmolive Co. CL.N on  Wednesday said profit fell in the third quarter because of  increased marketing spending and higher costs for raw  materials.
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Goodyear Tire &amp; Rubber Co. (GT.N: Quote, Profile, Research) said on Friday it will cut 340 jobs in its engineered products and chemical units as part of its cost-reduction efforts, resulting in a third-quarter charge.
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Drug giant Merck, stung by its handling of the recall of the arthritis drug Vioxx, says it will cut about 51-hundred jobs by the end of the year.
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Colgate-Palmolive Co. CL.N will cut  about 4,400 jobs and close a third of its factories under a  program aimed at fighting rising costs and focusing on  higher-profit areas such as oral care, the company said on  Tuesday.
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NEW YORK - Colgate-Palmolive Co., which announced Tuesday that it is eliminating 4,400 jobs, disclosed in a regulatory filing that many of its top executives and officers are given allowance of up to $11,500 a year to spend on anything from pet-sitters to
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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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Stocks to watch on Monday: COLGATE-PALMOLIVE CO. :
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GlaxoSmithKline said it would cut jobs as part of a cost-savings plan after a sharp drop in sales of its diabetes drug and generic competition led to a 5.8 percent drop in profits.
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Boston Scientific Corp. , the medical device maker, eliminated 55 jobs in Marlborough last month, according to the state Executive Office of Labor and Workforce Development. Company spokesman Paul Donovan said the Natick firm made the cuts after deciding to pull the plug on its Endovations program, an effort to develop a new single-use endoscope with an integrated ...
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Swiss drugmaker Novartis said Thursday it plans to cut 2,500 jobs in a restructuring programme aimed at generating yearly cost savings of 1.6 billion dollars (1.1 billion euros).
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Colgate-Palmolive Co. (CL.N: Quote, Profile, Research) will cut about 4,400 jobs and close a third of its factories under a program aimed at fighting rising costs and focusing
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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 of a major restructuring effort to increase profit margins.
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The US-based oral care and personal products company Colgate-Palmolive Company is drawing a blueprint to restructure its operations.