Newell Brands announced a global productivity plan today aimed at enhancing its competitiveness and delivering greater value for consumers.
The plan involves reducing the company’s global workforce by over 900 employees, which accounts for approximately 10% of its professional and clerical staff. The initiative is part of Newell’s strategy to streamline operations and focus resources on high-value activities.
“This productivity plan is about taking the next, disciplined step to enhance efficiency, sharpen our strategic focus, and deliver stronger, more consistent performance,” Chris Peterson, President and CEO of Newell Brands, said in a statement…