Town and Country Based Energizer Reportedly Cutting 1,500 Jobs
Town and Country based Energizer plans to slash its global workforce by 10 percent and close three factories, according to the St. Louis Post-Dispatch.
According to the St. Louis Post-Dispatch, Town and Country based Energizer Holdings Inc. plans to reduce its global workforce by more than 10 percent. However, it's still unclear how many local employees will be affected.
The article states that the downsizing will include closing three manufacturing plants and impact about 1,500 employees.
The plan is reportedly part of company-wide restructuring that is estimated to save Energizer approximately $200 million in annual pre-tax savings.
In August, Energizer announced it would begin reviewing its operations after slow battery sales and increased competition, according to the Post-Dispatch.