According to our media partner CBS, Newell Rubbermaid announced Friday morning they are planning to cut more than 1,900 jobs, or about 10 percent of its worldwide workforce, over the next two and a half years.
This is a part what they are calling their newest reorganizing, which all savings from the job cuts will be reinvested into growing its brands globally and adding new sales capabilities in emerging markets.
Newell Rubbermaid also said that its business will be restructured under two groups, a development organization and a delivery organization.
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