Colgate-Palmolive extends restructuring program; 3,800 jobs at risk

Colgate-Palmolive extends restructuring program; 3,800 jobs at risk

Colgate-Palmolive has extended its restructuring program, announced in 2012 and originally due to end in 2016, through 2017, according to a report published by The Wall Street Journal.

The anticipated total net head-count reduction has risen from 2,300 jobs to some 3,300 to 3,800. The program will focus on expanding commercial hubs and cutting structural costs.

In a regulatory filing following the board’s approval of the expanded plan on Thursday, the company said charges would rise from between US$1.29 billion and US£1.44 billion to between US$1.41 billion and US$1.59 billion.

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