Posted on 11/08/2012 10:27:06 PM PST by My Favorite Headache
Energizer announced today it will layoff 10% of its workforce. 1,500 will be affected. Plants in Missouri and Vermont are slated for closure. StL Today reported:
Energizer Holdings Inc. will reduce its global workforce by more than 10 percent — or about 1,500 employees — as the company closes three manufacturing plants and streamlines other operations.
The moves are part of a companywide restructuring plan for the maker of batteries and personal care items such as Schick razors and Playtex tampons. Energizer said Thursday it plans to save about $200 million in annual pre-tax savings through the changes.
In August, Energizer first announced that was launching a review of its operations amid sluggish battery sales and heightened competition in the razor category.
Energizer employs more than 16,000 people in 50 countries, including at its Town and Country headquarters. The number of local workers who will be affected by the downsizing is not yet known, according to a company spokesman.
“After the workforce reductions are complete, Energizer will continue to have a very strong presence in the St. Louis region and will continue to be an active part of the St. Louis business community,” Jackie Burwitz, vice president of investor relations, said in a separate statement.
She noted that employees at the headquarters work in areas such as finance and accounting, information technology, customer service and human resources.
Energizer said that about three-quarters of the savings from the restructuring plan will be used to improve profitability, with the remainder being used to invest in long-term growth.
One of the battery factories slated for closure is in Maryville, Mo. The other two are in St. Albans, Vt., and in Tampoi, Malaysia.
Energizer makes razors and tampons? Who knew?
Good to see the Vernmonster ObamaZombies are in for a little suffering. The Nazi ho, Valerie Jarrett says that she is going to make Barry the Kenyan’s “enemies” pay. Both sides can play that game, Valerie you old ****H!
BOHICA, America! Thanx a heap to the stupid sheeple who voted for the Marxist!
No doubt, many of those being laid off likely voted for the Messiah.
I guess that, under Obama. . . even THEY can’t keep going and going. . .
The avalanche of lay offs has begun as companies add up what labor will cost with the new health care mandates. As more lay offs take place, less consumer spending, slowing the economy just in time for the the government to implement new tax hikes.
Meanwhile, cutting government inefficiencies remains off the table.
Ron Paul is right that we need to radically reduce our military presence around the world. Far better to do it in an orderly fashion while we still have money to do it in an orderly fashion. The military presence of the U.S. overseas will soon be unsupportable.
The avalanche of lay offs has begun as companies add up what labor will cost with the new health care mandates. As more lay offs take place, less consumer spending, slowing the economy just in time for the the government to implement new tax hikes.
Meanwhile, cutting government inefficiencies remains off the table.
Ron Paul is right that we need to radically reduce our military presence around the world. Far better to do it in an orderly fashion while we still have money to do it in an orderly fashion. The military presence of the U.S. overseas will soon be unsupportable.
RP is wrong from the get go. “I will bless those who bless you, and whoever curses you I will curse; and all peoples on earth will be blessed through you.” Genesis 12:3
God is speaking about Israel. And we know how RP feels about that. Trouble is - what BP feels doesn’t bring blessings to America but what God says. You start out wrong, you end up wrong.
HOORAY Energizer! Prepare, persevere.
Is Atlas starting to shrug?
Thanks for posting these... Atlas is surely shrugging.
We ain’t seen nothing yet...
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