Summary
The Associated Press
NEW YORK - Colgate-Palmolive Co., the consumer products giant behind brands like Ajax detergent and Irish Spring soap, plans to cut its worldwide work force 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.See the full content of this document
Extract
Colgate-Palmolive Plans to Cut 4,400 Jobs
The moves announced Tuesday come as the consumer products industry has been grappling with higher costs in raw materials, gas and packaging, all of which have put more pressure on profits.
Colgate-Palmolive ...See the full content of this document
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