Energizer to Slash 1,500 Jobs – Close Two US Plants
It’s an Obama world…
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.