Colgate-Palmolive To Cut More Than 2,000 Jobs

Colgate Palmolive job cuts
Colgate Palmolive job cuts



Colgate-Palmolive Co. unveiled a cost-cutting plan on Thursday that included cutting its workforce by the end of 2016 by about 6 percent.

The toothpaste maker, which has some 38,600 employees, also posted a higher quarterly profit that met analyst expectations.

Third-quarter profit was $654 million, or $1.36 per share, compared with a profit of $643 million, or $1.31 per share, a year earlier.